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- El Salvador has resumed its Bitcoin purchasing strategy, adding 7 BTC worth $ 661,000.
- The purchase aligns with an IMF agreement, modifying Bitcoin policies in Salvador.
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El Salvador bought 7 Bitcoin worth $ 661,000 today, resuming acquisitions after stopping its daily purchase strategy on February 18, according to Arkham Intelligence Data.
The Central America Nation now holds 6,088 Bitcoin, worth around $ 558 million at current prices. The country had previously implemented a Bitcoin Daily purchasing strategy, which began in November 2022.
The judgment occurred in the midst of the recent agreement of El Salvador with the International Monetary Fund (IMF), a prolonged funding agreement of 40 months which should attract more than $ 3.5 billion in additional financial support Throughout the program period.
As part of the IMF agreement, El Salvador agreed to modify its Bitcoin policies, in particular by making the acceptance of Bitcoin voluntary for companies in the private sector. The country’s legislature approved the changes in its Bitcoin Act at the end of January 2025 to align with these requirements.
El Salvador has made several major Bitcoin purchases outside of its daily acquisition strategy. In December, following the IMF financing agreement, the country added a million dollars of bitcoin to its strategic reserves in a single purchase. On February 4, he acquired 11 bitcoin evaluated at more than $ 1 million.
Despite the previous speculations according to which the IMF agreement would reduce its Bitcoin strategy, the last purchase of El Salvador demonstrates a continuous commitment.
The acquisition occurred when the Bitcoin price fell below $ 95,000 after President Trump’s new tariff declaration. The fall of Flash sparked more than $ 950 million in lever effects on cryptographic platforms.
At the time of the press, BTC changed hands at around $ 92,000, down 4% in the last 24 hours, according to Coingecko.
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