El Salvador has become the sixth country to hold over 6,000 Bitcoin (BTC), reinforcing the cryptocurrency's role as a treasury asset under President Nayib Bukele. On Dec. 29, El Salvador acquired an additional Bitcoin, raising its total to 6,000.77 BTC, valued at $569.3 million. This investment represents a 108.02% increase, with the average purchase price being $45,450. El Salvador, the first nation to adopt Bitcoin as legal tender, initially purchased 200 BTC on Sept. 6, 2021. The country traditionally buys one Bitcoin daily, continuing purchases despite recommendations from the International Monetary Fund (IMF) to curtail its Bitcoin activities. The National Bitcoin Office Director hinted at an increased buying pace, reassuring that El Salvador intends to hold its Bitcoin assets permanently. The IMF's approval is still pending for a long-discussed deal, influenced by Bukele's Bitcoin strategies, which the IMF claims pose risks to the nation.

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