El Salvador is doubling down on its bitcoin strategy during one of the strongest sell-offs of the year, adding more than 1,000 BTC to its national BTC treasury.
The government has now accumulated almost 7,500 BTC, a position built through a one BTC per day policy that continues despite IMF conditions discouraging additional public sector holdings, although El Salvador has said the purchases will not stop.
The latest BTC purchase also follows closer coordination with Washington on oversight of digital assets, including a meeting in June between President Bukele and White House crypto advisor Bo Hines.
Bitcoin fell below $90,000 as Asia traded throughout the day, extending its recent decline amid weakening risk sentiment in global markets.
