El Salvador continues to expand its BTC holdings despite recent policy changes. On February 4, the Central American nation added 12 Bitcoins to its reserves, increasing the total to 6,068 BTC, valued at over $554 million. The government purchased 11 Bitcoin for about $1.1 million, averaging $101,816 per BTC. Later,
Bitfinex Securities is preparing to launch tokenized financial products in El Salvador this year. In particular, this digital securities exchange is planning to launch its successful tokenized financial product Blockstream Mining Note2 (BMN2) in Q1 2025. #DeDinero Este miércoles se desarrolla el @BFXSecurities Day en El Salvador, un evento que
El Salvador has achieved a significant milestone, surpassing 6,000 Bitcoin (BTC) in its national reserves. On December 29, the country added one more Bitcoin, bringing its total holdings to 6,000.77 BTC, valued at $569.3 million, according to the National Bitcoin Office portfolio tracker. This marks a 108.02% growth in El
El Salvador has been purchasing 11 BTC for $1 million, a day after reaching a $1.4 billion loan agreement with the International Monetary Fund (IMF). This purchase adds to the country’s growing Bitcoin reserves, totalling nearly 6,000 BTC, valued at around $580 million. However, this move comes at a critical
El Salvador, the first country to adopt Bitcoin as a legal tender, agrees to limit Bitcoin-related activities in exchange for a $1.4 billion loan from the International Monetary Fund (IMF). Recently, El Salvador obtained a staff-level agreement with the IMF for a 40-month Extended Fund Facility (EFF) arrangement, to support
With Trump being elected as the President of the US, his pro-crypto stance is acting as a major factor for several other countries to explore the industry. Vancouver has already passed a motion to explore the possibilities of becoming a Bitcoin-friendly city. On the other hand, El Salvador’s Bitcoin adoption
As Bitcoin hit $100,000 for the first time on December 5th, Salvadoran President Nayib Bukele took to social media to promote the country’s unrealized gains from its investments in the cryptocurrency. Moreover, as the cryptocurrency hit $100,000 for the first time ever on December 5th, the crypto community celebrated. Autism
El Salvador has firmly established itself within the cryptocurrency community, notably becoming the first country to adopt Bitcoin as legal tender. The nation has surpassed 5,800 Bitcoin in daily Bitcoin accumulation, reportedly generating over $31 million in profit. This pioneering approach reflects the country’s commitment to integrating cryptocurrency into its
El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻
After legalizing Bitcoin as legal tender, Salvadoran President Nayib Bukele expressed disappointment that the country’s adoption of the cryptocurrency had not progressed as far as expected. Although he acknowledged he had not seen as many advantages as he had hoped, Bukele said in an interview with Time magazine that Bitcoin
