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El Salvador took advantage of the drop in prices to boost its national reserves by purchasing 11 new Bitcoins (BTC) worth $1.1 million this week. The purchase came just days after the country agreed to a $1.4 billion loan with the International Monetary Fund (IMF), a deal that included curbing some pro-Bitcoin policies. However, the El Salvadoran government has continued to maintain Bitcoin as a voluntary legal tender and has remained committed to increasing its reserves. The country’s total Bitcoin reserves are worth about $600 million at current prices.
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