El Salvador Buys 12 Bitcoins

Despite an earlier agreement with the International Monetary Fund (IMF) to reduce their involvement with cryptocurrencies, El Salvador has recently acquired 12 Bitcoin in the span of two days.

This announcement was made by the country’s National Bitcoin Office on January 19, stating that they had purchased 11 Bitcoin worth approximately 1 million USD.

The following day, another Bitcoin was added to their holdings for around 106,000 USD. This brings El Salvador’s total Bitcoin reserves to 6,044 BTC, equivalent to about 610 million USD based on the current trading price of 101,000 USD per Bitcoin.

This coincided with Bitcoin’s brief surge above 109,000 USD on January 20, surpassing its previous all-time high of 108,000 USD set on December 20, 2024. In December 2024, President Nayib Bukele’s administration agreed to a 1.4 billion USD financing program with the IMF, which included scaling back their involvement with Bitcoin.