💨 Abstract

El Salvador, a Central American country, has purchased more bitcoins, increasing its strategic reserve to over 6,102 coins. This move comes after the IMF approved a $1.4 billion loan program for El Salvador, which may have downgraded the status of bitcoin in the country. The government has committed not to accumulate more bitcoins at the level of the overall public sector as per the IMF.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖