Crypto Daily – Despite the deal with the IMF requiring a scale-back of Bitcoin-related initiatives, El Salvador has added 12 more BTC to its strategic reserves, reaffirming its dedication to cryptocurrency.
Continued Commitment to Strategy
El Salvador has continued strengthening its Bitcoin reserves by purchasing 12 additional Bitcoin over two days. This move was confirmed by the country’s National Bitcoin Office even after finalizing a $1.4 billion agreement with the International Monetary Fund (IMF). The deal necessitated scaling back certain Bitcoin initiatives, such as making private-sector acceptance voluntary and reducing government involvement in the Chivo wallet.
Despite these adjustments, the government remains steadfast in its Bitcoin strategy. National Bitcoin Office Director Stacy Herbert affirmed on X (formerly Twitter) that the country’s plans for Bitcoin remain unchanged.
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