11 Bitcoin Added: El Salvador Ignores IMF, Bolsters Crypto Holdings
In a dramatic gesture that reinforces its stance on Bitcoin, El Salvador has bought 11 BTC for its national reserves, which now amount to 6,044 units. Related Reading: Gold Out, Bitcoin In: 52% Of Americans Choose Crypto Over Traditional Assets—Survey The move follows an agreement with the International Monetary Fund (IMF) for $1.4 billion, whose […]
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El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on Wednesday. President Nayib Bukele tweeted: “It was a long wait, but worth it. We just bought the dip.” At the time of writing, the price of bitcoin is $61,129, down from an all-time high of almost $67,000 on Oct. 19 based on data....
Since making Bitcoin a legal tender in 2021, the El Salvador government, led by President Nayib Bukele, has pursued a consistent strategy of accumulating Bitcoin. This Bitcoin accumulation strategy, which has largely paid off, has continued up until now. According to recent data, El Salvador has now crossed the 6,000 BTC threshold. This makes El Salvador the sixth country behind the likes of the US, the UK, and Bhutan to hold 6,000 BTC or more. El Salvador’s Bitcoin Strategy Reaches New Milestone Unlike countries like the US and the UK, whose Bitcoin holdings are from seized assets from....
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were bought seven minutes before the price of the cryptocurrency bottomed out. El Salvador Buys the Dip: 150 Bitcoins Added to Treasury The price of many cryptocurrencies began plummeting late Friday night, with bitcoin sliding almost 14% from slightly above $52K at 11:42 p.m. EDT to below $45K at 12:28....
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins Purchased to Date El Salvador has taken advantage of the Friday sell-off and purchased 100 more bitcoins as reports of a new coronavirus variant spread. The Salvadoran president, Nayib Bukele, tweeted on Black Friday that his country has bought the dip.....
The U.S. Securities and Exchange Commission (SEC) has won a judgment against Steven Seagal after the famous actor failed to pay the agreed sum to settle the crypto fraud case he was involved in. Seagal, now living in Russia, has been ignoring the SEC’s attempts to contact him. Steven Seagal Ignores SEC, Fails to Pay Settlement A federal judge for the U.S. District Court for the Eastern District of New York, William Kuntz, signed an order Friday allowing the SEC to collect fines, penalties, and interest from Steven Seagal. The famous actor had agreed to pay disgorgement of more than....