El Salvador Buys 21 BTC for Bitcoin Law Anniversary

El Salvador marked the fourth anniversary of adopting Bitcoin as legal tender by purchasing 21 BTC, worth about $2.3 million, increasing its total holdings to roughly 6,313 BTC valued at approximately $701 million. President Nayib Bukele confirmed the purchase on social media, emphasizing the continuation of their daily Bitcoin acquisition strategy despite IMF loan agreement restrictions that require halting public sector Bitcoin purchases. The country became the first to recognize Bitcoin as legal tender in 2021, aiming to enhance financial inclusion and reduce remittance costs, though the initiative has faced criticism and challenges, including concerns about volatility and compliance with international financial agreements. El Salvador has also taken measures to secure its Bitcoin holdings by redistributing them across multiple addresses to guard against quantum threats. The government continues to integrate Bitcoin into public administration and education, reflecting its commitment to the cryptocurrency despite external pressures and mixed adoption success. Future IMF funding and compliance remain contingent on El Salvador's adherence to agreed conditions, including limiting further Bitcoin acquisitions.