El Salvador Bukele Adds 8 BTC to Bitcoin Holdings

El Salvador’s President Nayib Bukele has made another major purchase, adding 8 Bitcoin to the country’s reserves, bringing its total holdings to approximately 6,194.18 BTC. This latest acquisition follows a strategy that began when Bitcoin became legal tender in El Salvador in 2021 and is managed by the government’s Bitcoin Office. President Bukele remains committed to Bitcoin and has stated the program will continue. The move underscores El Salvador’s long-term commitment to cryptocurrency, impacting market perceptions and sparking debate on its potential role in national reserves. Despite international scrutiny from the IMF, Bukele continues his public stance on Bitcoin, stating that his strategy won’t change. 8 BTC adds to El Salvador’s financial strategy and illustrates the country’s ongoing push for global recognition. This is not a new move; during market dips, El Salvador has historically acquired Bitcoin to secure long-term value. The decision continues to face financial tensions and regulatory scrutiny from financial institutions such as the IMF.