The National Bitcoin Office of El Salvador has revealed that the country's reserves have increased to 7798 bitcoins, worth over $643 million, and the country is still implementing a strategy of increasing its holdings by 1 bitcoin per day. The International Monetary Fund (IMF) has approved El Salvador's $1.4 billion credit arrangement, but has requested that it cease direct purchases of Bitcoin. Dan Katz, First Deputy Managing Director of the International Monetary Fund (IMF), stated that El Salvador is not expected to continue increasing its holdings of Bitcoin, except for recorded donations. El Salvador's recent increase in holdings is funded by private donors. (Source: Bitcoin.com News)
