El Salvador has made another significant addition to its Bitcoin reserve, purchasing 12 BTC in just one day, as the cryptocurrency market saw a dip. The Central American country bought 11 Bitcoin for just over$1.1 million, with an average price of$101,816 per Bitcoin on 4 February. It later added one more BTC at$99,114, bringing its total Bitcoin holdings to 6,068 BTC, valued at over$554 million.

Despite a brief decline in Bitcoin's price, which fell to around$96,000 before rebounding to approximately$98,000, El Salvador's commitment to its Bitcoin strategy remains steadfast. The country's Bitcoin Office proudly announced that El Salvador has accumulated 21 BTC in just one week and 60 BTC in the last 30 days, reinforcing the growth of its Strategic Bitcoin Reserve.

This latest round of Bitcoin purchases comes after President Nayib Bukele's agreement with the International Monetary Fund (IMF) last month, where his government made adjustments to its Bitcoin policies. These included making Bitcoin adoption in the private sector voluntary and scaling back government involvement in the Chivo crypto wallet. However, the country's commitment to acquiring Bitcoin remains unchanged, with further purchases planned for 2025.

Despite the IMF agreement, the government has shown no signs of abandoning its Bitcoin ambitions, continuing to buy Bitcoin even after the deal was struck. The country's Bitcoin plans are expected to intensify, with El Salvador positioning itself as a global leader in Bitcoin adoption.