11 Bitcoin Added: El Salvador Ignores IMF, Bolsters Crypto Holdings - 'Bitcoinist
In a dramatic gesture that reinforces its stance on Bitcoin, El Salvador has bought 11 BTC for its national reserves, which now amount to 6,044 units.
Related Reading: Gold Out, Bitcoin In: 52% Of Americans Choose Crypto Over Traditional Assets—Survey The move follows an agreement with the International Monetary Fund (IMF) for $1.
The state also intends to dial back its presence in the Chivo wallet, a government-owned wallet designed for Bitcoin use.
Christian Encila
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