El Salvador Dips Into Its Reserves to Buy 1 More Bitcoin, Now Holding 6,105.18 BTC

BlockBeats News, March 9th, according to data from the Salvadoran Ministry of Finance website, El Salvador once again increased its Bitcoin holdings this morning, now holding 6,105.18 bitcoins, worth over $527 million. It has increased its holdings by 13 bitcoins in the past 7 days and by 36 bitcoins in the past 30 days. Despite pressure from the International Monetary Fund (IMF) urging El Salvador to stop accumulating the decentralized value storage asset, El Salvador has purchased 13 bitcoins since March 1st.

In December 2024, El Salvador reached an agreement with the International Monetary Fund to receive a $1.4 billion loan from the organization. As part of this agreement, the Salvadoran government agreed to revoke BTC's legal tender status in the country and reduce the public sector's involvement with Bitcoin.