El Salvador took out a loan to continue increase the position 12 BTC, regardless of the IMF protocol

Despite reaching an agreement with the International Monetary Fund (IMF) to adjust the BTC policy, El Salvador continues to increase its BTC holdings, demonstrating the government's long-term confidence and strategic commitment to Cryptocurrency. (Background: President of El Salvador's new plan: Installing a BTC Mining Node in every household nationwide, exclusive cost exposure) (Background: Tether announced its relocation to El Salvador, with several executives purchasing local properties and obtaining citizenship) The National Bitcoin Office of El Salvador announced on January 19 that it purchased 11 BTC at a unit price of approximately $102,965, and subsequently added 1 BTC on January 20 at a price of $106,000. Currently, El Salvador's BTC reserves have accumulated to 6,044 coins, with an estimated total value of approximately $617 million at current prices. This move once again demonstrates President Nayib Bukele's commitment to the BTC policy, as despite reaching a protocol with the IMF to stop some BTC activities, El Salvador's BTC strategy seems unaffected. IMF protocol and policy adjustments In December of last year, the Salvadoran government reached a financing protocol worth $1.4 billion with the IMF. As one of the conditions, El Salvador promised to adjust some Cryptocurrency policies, including making it optional for businesses to accept BTC as a payment method, as well as reducing government intervention in the Chivo electronic Wallet. However, the day after signing the protocol, El Salvador purchased BTC worth $1 million. Since becoming the world's first country to legalize BTC in 2021, El Salvador has been at the forefront of Cryptocurrency policy. Stacy Herbert, head of the El Salvador BTC Office, also stated on X platform: Our BTC plan has never changed. BTC price hits new historical highs On January 20, BTC surged to $109,000, surpassing the historical high of $108,000 set on December 17 last year. This price surge is closely related to the global rise in demand for BTC. According to Nayib Bukele's investment tracking tool, as of January 20, El Salvador's BTC investment income reached $179 million. Local acceptance However, despite the government's strong promotion of BTC, the public's willingness to use it remains low. A survey in 2024 showed that 92% of Salvadorans do not use BTC for daily transactions, up from 88% in 2023. Internationally, other countries are also actively deploying Cryptocurrency. For example, the South Asian country of Bhutan has quietly conducted BTC Mining for many years. According to Arkham Intelligence's report, as of September 2023, Bhutan holds encryption assets worth approximately $780 million. Related reports President of El Salvador's new plan: Installing a BTC Mining Node in every household nationwide, exclusive cost exposure Tether announced its relocation to El Salvador, with several executives purchasing local properties and obtaining citizenship Embracing BTC + Strong anti-corruption efforts effective! El Salvador welcomed 3.9 million tourists in 2024, a 22% increase from the previous year.