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El Salvador has a BTC treasury valued at more than USD 580 million.
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In this way, the country reaffirms its commitment and puts a stop to skeptical views.
This Thursday, December 19, El Salvador, under the government of Nayib Bukele, added 11 BTC to its treasury, reaffirming its long-term vision and destroying the pessimistic speculations that arose after the agreement with the IMF.
Max Keiser, well-known American Bitcoin advocate and podcaster, resorted recently to social network X to reflect that El Salvador’s commitment to the leading Cryptocurrency remains firm.
At the time of writing, El Salvador’s bitcoin reserve has more than 5,900 BTC, valued at more than $500 million. In the last few hours it was announced that Central American nation to discontinue Chivo Walletthe BTC wallet created by the government, as part of an agreement with the IMF to access a $1.4 billion loan.
Although Stacy Herbert, director of the National Bitcoin Office, confirmed that the Chivo Wallet will be sold or discontinued, private Bitcoin wallets will continue to operate in the country. Furthermore, Herbert highlighted that El Salvador will continue to acquire BTC and maintain the cryptocurrency as a legal tender alternative, a strategy that, after the recent purchase, appears to have intensified.
In development…
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