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After purchasing bitcoin on a few occasions during the 2021 bull run, El Salvador began dollar-cost-averaging into the top cryptocurrency in November 2022, and was in the black on its holdings by December 2023, according to Bukele. El Salvador’s bitcoin strategy has been a constant sticking point with the International Monetary Fund, which has raised concerns about the nation’s fiscal situation.
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Bitcoin Price (BTC) Rally Sends Bhutan Holdings Above $1B, Bukele’s El Salvador’s Above $500M
