El Salvador marked four years of Bitcoin as legal tender with a fresh buy of 420 $BTC worth about 25.6 million dollars
• Its total stack is now more than 7,474 BTC roughly 700 million dollars
• This happened even though the IMF advised the country to stop new buys
Big move from the Bitcoin Office
• The government confirmed a new purchase of 1,090 BTC worth about 100 million dollars
• This is the country’s largest single day buy since 2021
• The purchase happened during a sharp dip
• President Bukele said the buying will continue, no matter the market mood
• The recent buy raised the country’s holdings to around 7,474 BTC, valued at about 676 million dollars
• The IMF still has restrictions on new public sector Bitcoin buys because of loan agreements
• This raised questions about how the latest $$purchase was structured
• Blockchain data and public statements do not fully match, so people are asking for more clarity
Global reaction
• Supporters say the move helps financial inclusion and cuts remittance costs
• Critics point to the risk for national finances
• The IMF wants more transparency on the government’s Bitcoin strategy
• Despite this, El Salvador is still ahead in state-level Bitcoin adoption
Bolivia’s shift
• Bolivia’s central bank now sees crypto as a viable option
• Bolivia signed an agreement with El Salvador to work together on crypto rules
• The goal is to upgrade Bolivia’s financial system and build a regulated digital asset framework
