news 
El Salvador Adds 12 BTC, Now Holds 6,044 BTC
El Salvador has strengthened its Bitcoin reserve by adding another 12 units to the existing amount. This latest development brings the country’s total Bitcoin holding to a staggering 6,044 BTC.
This significant move is in stark contrast to the $1.4 billion IMF deal that was signed with El Salvador, which specifically requires reduced Bitcoin activities. Despite this restriction, President Nayib Bukele’s administration has reaffirmed its commitment to the cryptocurrency, showcasing its unwavering stance on digital assets.
It is noteworthy that El Salvador has made a profit of $179 million from its strategic investment in Bitcoin since adopting it as legal tender back in 2021. The nation’s decision to hold onto this asset has yielded impressive returns, further solidifying its position as a global leader in crypto adoption.
As the price of Bitcoin reaches a new high of $109,000, El Salvador’s bold move demonstrates its confidence in the cryptocurrency and its potential for long-term growth.
Source: coinpedia.org
