El Salvador bolstered its Bitcoin reserve with 12 more BTC, bringing its total to 6,044 BTC, worth over $617 million. This move comes despite a $1.4 billion IMF deal requiring reduced Bitcoin activities. President Nayib Bukele’s administration reaffirmed its commitment to Bitcoin, even as private sector adoption remains voluntary. The nation’s BTC holdings show a $179 million profit, highlighting its strategic investment since adopting Bitcoin as legal tender in 2021. As Bitcoin hit a new high of $109,000, El Salvador remains a global leader in crypto adoption.
Source: https://coinpedia.org/crypto-live-news/el-salvador-adds-12-btc-now-holds-6044-btc/