In a land where the sun shines brighter than a particularly enthusiastic goldfish, El Salvador has decided that Bitcoin is not just a passing fancy, but rather a long-term relationship—like that one friend who keeps borrowing your lawnmower and never returns it. Over the past week, the country has added a delightful 21 BTC to its ever-growing digital piggy bank. 🐷💻
According to the esteemed scribes at the National Bitcoin Office (ONBTC), El Salvador now holds a staggering 6,068 BTC, which is worth about $592 million. That’s enough to make even the most stoic accountant raise an eyebrow and mutter something about “creative financing.”
On the fateful day of February 4, 2025, El Salvador decided to go on a little shopping spree, purchasing 12 BTC in two separate transactions. The first was a rather extravagant 11 BTC at an average price of $101,816 each, while the second was a modest 1 BTC snagged for a mere $99,114. It seems the country has developed a taste for Bitcoin, adding a total of 60 BTC in just the last month. Talk about a digital shopping addiction! 🛒💸
This sudden burst of Bitcoin enthusiasm appears to be a strategic maneuver, likely inspired by the U.S. government’s penchant for auctioning off seized Bitcoins at prices that make you wonder if they’re trying to clear out a garage sale. Who knew that confiscated crypto could be such a bargain? 🤑
Of course, this all comes on the heels of a rather serious deal with the International Monetary Fund (IMF), which involved a $1.4 billion loan. In exchange, El Salvador agreed to tone down some of its more adventurous Bitcoin policies, like making Bitcoin acceptance optional for businesses and putting the state-backed Chivo wallet on a diet. 🍔💳
Despite these minor adjustments, El Salvador remains steadfast in its quest to grow its Bitcoin reserves, continuing to embrace the digital currency like a long-lost relative at a family reunion. The country added 11 BTC on both January 9 and January 20, proving that it’s not just a phase—it’s a lifestyle.
Meanwhile, other nations are peering over the fence, eyeing El Salvador’s Bitcoin strategy with a mix of envy and curiosity. The United States is taking notes, while Brazil, the Czech Republic, and Poland are also considering joining the crypto party. After all, who wouldn’t want a slice of the Bitcoin pie? 🥧💰
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2025-02-05 21:30