El Salvador Acquires $100 Million in Bitcoin Amid Market Dip
On November 18, El Salvador augmented its cryptocurrency reserves by acquiring 1090 BTC valued at $101 million, as announced by the country's president, Nayib Bukele.News and topics related to El Salvador.
El Salvador Acquires $100 Million in Bitcoin Amid Market Dip
On November 18, El Salvador augmented its cryptocurrency reserves by acquiring 1090 BTC valued at $101 million, as announced by the country's president, Nayib Bukele.
El Salvador Marks Bitcoin Law Anniversary with 21 BTC Purchase
On September 7, the government of El Salvador purchased 21 BTC worth $2.3 million to commemorate the fourth anniversary of the Bitcoin law.
El Salvador Shields Its 6284 BTC from Quantum Threat
The government of El Salvador has distributed its National Strategic Bitcoin Reserve, amounting to 6284 BTC (~$680 million), across 14 new addresses due to potential threats from quantum computing.
IMF Denies El Salvador’s Bitcoin Purchases
Since the December 2024 agreement with the IMF on a credit program, El Salvador’s government has not purchased the leading cryptocurrency. This is stated in a report by the international organization. According to the document, the government wallet Chivo “does not adjust its bitcoin reserves in line with changes in client deposits.” Since the app […]
IMF Urges El Salvador to Halt Bitcoin Purchases
The International Monetary Fund (IMF) will strive to ensure “guarantees” that El Salvador’s government bitcoin reserves remain unchanged. The organization announced that staff-level agreements have been reached for extended state financing. The IMF’s stance contradicts the efforts of the country’s president, Nayib Bukele, to increase the number of coins held. In 2024, the parties reached […]
North Korean Hackers’ Bitcoin Holdings Surpass Those of El Salvador and Bhutan
The North Korean hacker group Lazarus currently holds 13,518 BTC (valued at $1.13 billion at the time of writing), surpassing the amounts held in the government wallets of Bhutan or El Salvador. This is according to data from Arkham Intelligence. For comparison, Bhutan holds 10,635 BTC. The kingdom is actively increasing its reserves through mining, […]
El Salvador Expands Bitcoin Reserves to 6,111 BTC
On March 9, the authorities of El Salvador expanded the national bitcoin reserve by 6 BTC. The total amount of coins held by the state reached 6,111.18 BTC ($501.9 million). In the past seven days, the fund increased by 17 BTC, and over the month — by 40 BTC. Data: Bitcoin Office. On February 26, […]
El Salvador Augments Bitcoin Reserves by 19 BTC
On March 4, El Salvador’s authorities expanded the national bitcoin reserve by 19 BTC, once again deviating from the plan to purchase one coin per day. This occurred amid a decline in the first cryptocurrency’s price below $90,000. ? pic.twitter.com/cR1U4he9io — Nayib Bukele (@nayibbukele) March 4, 2025 CoinDesk noted the signing of an Extended Fund […]
El Salvador Backs Open-Source AI Development
The government of El Salvador has enacted the “Law on the Promotion of Artificial Intelligence and Technologies,” aimed at fostering innovation through regulation, reports El Mundo. The legislation calls for the establishment of an AI laboratory and data centers under the supervision of a new national agency, the Agencia Nacional de Inteligencia Artificial (ANIA). The […]
El Salvador Acquires 11 BTC in a Single Day
On February 4, El Salvador’s authorities expanded the national bitcoin reserve by 11 BTC (approximately $1.1 million), once again deviating from their strategy of purchasing one coin per day. Just three days of stacking in Bitcoin Country ???? https://t.co/bCQPQLkA0p pic.twitter.com/q4MfirbZ0q — The Bitcoin Office (@bitcoinofficesv) February 4, 2025 At the time of writing, the government […]
El Salvador Revises Bitcoin Strategy Following IMF’s Directive
El Salvador’s Congress swiftly approved a bill to amend the country’s bitcoin strategy, in line with agreements with the IMF. This was reported by Reuters. According to the news agency, lawmakers ratified the document “within minutes” of receiving it from President Nayib Bukele. The majority in Congress are members of his party, “New Ideas.” In […]
Tether to move its headquarters to El Salvador
Tether and its subsidiaries are “completing all formalities” to relocate to El Salvador after securing a digital-asset service provider licence as a stablecoin issuer, according to a press release. “[…] The decision marked a step on Tether’s path to facilitating global bitcoin adoption. It strengthens the company’s position in one of the most advanced markets […]We use cookies to improve the quality of our service.
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