El Salvador has increased its bitcoin acquisitions, adding over 20 bitcoins to its treasury in the past week.
According to data from the Bitcoin Office in El Salvador, the government executed more than 50 percent of its acquisitions in a single day on February 3, when it acquired 11 bitcoins for $1.1 million. On other days of the week, the Central American nation continued to purchase 1 bitcoin daily.
These latest purchases have increased the bitcoin reserves in the Central American country by 60 bitcoins (equivalent to $5.9 million) in the past month.
El Salvador now holds a total of 6,068 bitcoins, valued at over $592 million. The country has an unrealized profit of over $168 million, according to Nayibtracker data.
This purchase comes shortly after lawmakers adjusted national bitcoin laws to align with the terms of a $1.4 billion loan from the International Monetary Fund (IMF).
Despite these regulatory changes, the director of the National Bitcoin Office, Stacy Herbert, emphasized that the country remains committed to growing its bitcoin reserves.
– El Salvador is a bitcoin country – she stated.
