El Salvador adds 2 more BTC in a single day

in #cryptocurrency7 days ago

The adoption of Bitcoin as a strategic asset by smaller nations could be the driving force that encourages larger countries to follow suit.

Here’s the text in English with more changes in wording, while maintaining the same meaning:

El Salvador acquired two more Bitcoin on February 1st, worth BTC. The country typically buys one Bitcoin per day as part of its Bitcoin reserve strategy, although it has recently increased its pace of acquisitions.

According to the government’s Bitcoin tracker, El Salvador now holds a total of 6,055 BTC, valued at over 612 million dollars, and has purchased more than 50 BTC in the past 30 days alone.

The government recently repealed the law that made Bitcoin legal tender, which required businesses to accept BTC as payment, in order to secure a loan from the International Monetary Fund (IMF).

The news of this agreement sparked mixed reactions within the crypto community. However, despite the recent deal with the IMF, El Salvador has continued to accumulate Bitcoin for its national reserves.

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