El Salvador has increased its Bitcoin purchases by 11 times recently, raising total reserves to over 574 million USD. This aggressive strategy follows a commitment to acquire one Bitcoin daily, demonstrating strong cryptocurrency ambitions.
In the last week, El Salvador acquired more than 11 BTC, valued at around 1.07 million USD. This activity reflects increasing confidence in Bitcoin’s potential, despite international financial institution pressures.
Advised by Max Keiser, President Nayib Bukele’s administration aims to add another 20,000 BTC to its reserves. This plan is supported by a recent 1.4 billion USD loan from the IMF, despite its restrictive conditions.