El Salvador is doubling down on its bitcoin strategy during one of the sharpest selloffs of the year, adding more than 1,000 BTC to its national BTC coffers.
The government has now accumulated nearly 7500 BTC, a position built through a one-BTC-per-day policy that continues despite IMF conditions discouraging further public holdings, although El Salvador has said the purchases will not stop.
The latest BTC purchase also follows closer coordination with Washington on monitoring digital assets, including a meeting in June between President Bukele and crypto adviser Bo Hines at the White House.
Bitcoin fell below $90,000 as Asia traded through the day, extending its recent decline amid weakening risk sentiment across global markets.
