El Salvador’s National Bitcoin Office has confirmed the country’s purchase of another bitcoin, taking its strategic reserve to more than 6,102 units. A spokesman for the International Monetary Fund, which has approved a 40-month program with the Central American state, said: “We consulted with the (Salvadoran) authorities, and they have assured us that the recent increase in Bitcoin holdings in the Strategic Bitcoin Reserve Fund is consistent with agreed program conditionality.” The government of El Salvador currently holds almost $550m in bitcoin.
IMF responds to El Salvador bitcoin acquisition
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