El Salvador increased daily bitcoin purchases 11 times in two days; BTC reserves reach $574 million

El Salvador increased daily bitcoin purchases 11 times in two days, and BTC reserves surpass $574000000 - The Daily Hodl

the Salvadoran government last week increased daily #bitcoin purchases 11 times. In two separate purchases, it increased its daily bitcoin (BTC) purchases 11 times. the Central American country began buying 1 #BTC each day in November 2022, shortly after the collapse of #cryptocurrency exchange FTX. According to cryptocurrency platform Arkham, El Salvador According to BTC proponent Max Kaiser, who is a senior bitcoin advisor to El Salvador's president Naibe Bouquere, Bouquere is in the process of acquiring another 20 additional purchases occurred shortly after El Salvador received a $1.4 billion loan from the International Monetary Fund (IMF). The IMF loan amounted to $8 billion, but a press release from the UN financial institution claims that the Salvadoran government agreed to limit its commitments to cryptocurrencies as part of the agreement. Read us at: Compass Investments #InvestSmart #CryptoNews