On December 19, 2024, El Salvador’s government purchased an additional 11 Bitcoin (BTC), valued at over $1 million, as part of its ongoing strategy to bolster its cryptocurrency reserves. This acquisition occurred shortly after El Salvador secured a $1.4 billion loan agreement with the International Monetary Fund (IMF). As part of the deal, the country agreed to make Bitcoin acceptance voluntary for businesses, limit public sector involvement in Bitcoin-related activities, and phase out the state-run Chivo wallet. Despite these stipulations, the Salvadoran government remains committed to its Bitcoin investment strategy. Stacy Herbert, director of the National Bitcoin Office, indicated that…
