El Salvador is doubling down on its Bitcoin strategy in one of the strongest sell-offs of the year, adding over 1,000 BTC to its national BTC treasury.
The government has now accumulated nearly 7,500 BTC, a position built through a one-BTC-per-day policy that continues despite IMF conditions discouraging additional public sector participation, although El Salvador has said purchases will not stop.
The most recent BTC purchase also follows closer coordination with Washington on digital asset oversight, including a June meeting 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.
