Techub News, citing a post from Arkham, said the government of El Salvador has kept buying Bitcoin at a pace of 1 BTC per day since 2021. According to Arkham, that accumulation has continued even after the International Monetary Fund provided a $1.4 billion loan and required the country to limit Bitcoin-related activity. Arkham also said the government wallet has now been labeled on its platform. Based on the data referenced in the post, the Bitcoin held by the wallet is currently valued at $618 million. The update points to a steady buying pattern tied to the government’s publicly tracked on-chain holdings, with Arkham presenting the wallet label and valuation as part of its disclosure.
Techub News reported that Arkham said in a post on X that the government of El Salvador has been buying Bitcoin continuously at a pace of 1 BTC per day since 2021.
Arkham said the purchases did not stop even after the International Monetary Fund provided a $1.4 billion loan and required the country to limit Bitcoin-related activity. The government wallet has now been labeled on Arkham, and its on-chain Bitcoin holdings are currently valued at $618 million.
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