El Salvador's President Nayib Bukele pointed out a potential opportunity to purchase Bitcoins at a discount following the US government's decision to sell seized Silk Road assets.
El Salvador's Bitcoin Purchase Strategy
Under Nayib Bukele's leadership, the Salvadoran government is focused on increasing its Bitcoin holdings. As of January 9, 2025, the country possesses 6,022.18 BTC and continues its 'one Bitcoin a day' purchase plan.
Plans for Further Acquisitions
In 2025, El Salvador continues to augment its Bitcoin purchases. The country recently bought 11 BTC, and Bitcoin advisor Max Keiser announced plans to acquire an additional 20,000 BTC.
IMF Agreement and Bitcoin's Role
The IMF advises El Salvador to reassess its Bitcoin strategy due to its volatility, despite a recent deal for $1.4 billion.
Despite an agreement with the IMF, El Salvador remains committed to its Bitcoin purchasing strategy, viewing it as a key part of its economic plan.
