El Salvador has acquired 12 Bitcoin (BTC) for its reserve over the past 24 hours, despite a previous agreement with the International Monetary Fund (IMF) to scale back certain crypto-related policies in the country. More Bitcoin On January 19th, the El Salvador National Bitcoin Office announced it had purchased 11 Bitcoin for its Strategic Bitcoin Reserve, valued at more than $1 million. Additionally, the country bought 1 more Bitcoin on January 20th for $106,000. El Salvador now holds a total of 6,044 BTC , with an approximate value of $610 million based on Bitcoin trading around $101,000, according to CoinGecko. The overall Bitcoin holdings are now worth over $617 million. The IMF Deal Back in December, President Nayib Bukele and his administration reached a $1.4 billion financing agreement with the IMF, which included a commitment to reduce certain Bitcoin-related activities as part of the deal. As part of the agreement, El Salvador made Bitcoin acceptance by the private sector voluntary and began unwinding government involvement in the Chivo crypto wallet. However, just one day after signing the deal, El Salvador purchased $1 million worth of Bitcoin. National Bitcoin Office Director Stacy Herbert reiterated that the Bitcoin strategy remains unchanged, despite the purchase.
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