El Salvador has strategically bolstered its Bitcoin reserves, adding 11 BTC valued at $1 million shortly after clinching a $1.4 billion deal with the International Monetary Fund (IMF). The acquisition increases the nation’s total holdings to 5,981 BTC, now worth approximately $580 million. This move represents a shift from the earlier policy of purchasing one Bitcoin daily, signaling a more flexible approach under President Nayib Bukele’s administration.

Despite some IMF-imposed restrictions on cryptocurrency activities, the National Bitcoin Office remains committed to integrating Bitcoin into the country’s economic framework. The government’s latest actions, including the planned phase-out of the state-backed Chivo crypto wallet in favor of private alternatives, align with this strategy. Stacy Herbert, Director of the National Bitcoin Office, reassured citizens that Bitcoin would continue as legal tender, hinting at more aggressive acquisition strategies ahead.

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