Jakarta, Pintu News – El Salvador has made another splash by purchasing 21 more Bitcoins during the country’s Bitcoin Day celebration. This purchase increases El Salvador’s total Bitcoin (BTC) holdings to 6,313.18 BTC, valued at approximately $702 million. This purchase was made despite a warning from the International Monetary Fund not to add to its voluntary Bitcoin (BTC) accumulation.

Breach of Agreement with IMF

This latest purchase appears to contradict the $1.4 billion loan deal with the IMF agreed in December last year. According to the deal, the IMF asked public entities in El Salvador to voluntarily stop accumulating Bitcoin (BTC).

However, data from the Bitcoin Office shows that El Salvador has added around 28 BTC in the past 7 days and over 50 BTC in the past 30 days.

Also Read: Analysis of Ripple (XRP) Transaction Surge, XRP Price Potential to Rise in September 2025?

New Security Strategy

In an effort to improve security, El Salvador has redistributed their Bitcoin (BTC) holdings to multiple addresses, with a maximum limit of 500 BTC per address. This move was taken as part of a strategy to improve the security of the National Bitcoin Strategic Reserve. The National Bitcoin Office also stated that security threats, such as the emergence of quantum computing, were the main reason for this redistribution of digital assets.

Reaction and Economic Impact

Despite criticism, such as from Nicolas Cary, vice chairman of Blockchain.com, who disagrees with the way the Bitcoin (BTC) program is being implemented in El Salvador, the country continues to invest in digital assets. The IMF itself estimated in March that El Salvador’s purchases of Bitcoin (BTC) had reached around $300 million and had generated more than $400 million in unrealized gains at current prices.

Conclusion

El Salvador’s bold move to adopt Bitcoin (BTC) as legal tender alongside the US dollar continues to attract worldwide attention. Despite facing challenges and criticism, the country seems determined to continue investing in blockchain technology and cement its position on the global stage as a pioneer in digital currency adoption.

Also Read: 4 Reasons El Salvador Moved IDR11 Trillion in Bitcoin: Protection or Sell Signal?

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