According to data published on his Twitter account by the President of the Republic, Nayib Bukele, 2,301 BTC have been purchased, in which a sum of $103 million would have been spent, at the current exchange rate.


Twitter: https://twitter.com/nayibbukele/status/1536800544894902274?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1536800544894902274%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcriptotendencia.com%2F2022%2F06%2F17%2Fla-reserva-de-el-salvador-de-bitcoin-pierde-mitad-de-su-valor%2F

However, the best-known cryptocurrency in the market experienced a sharp drop since last Saturday with a loss of 17.14% yesterday compared to the previous day, reaching its lowest level since December 2020.

According to what I just investigated, the International Monetary Fund (IMF), the entity with which the Bukele government was negotiating an agreement for up to $1,400 million, urged the country to "limit the scope of the Bitcoin Law. Eliminating its status as currency of legal tender" and also expressed "concern" about the issuance of cryptocurrency-backed bonds.

Source: https://latin-american.news/el-salvador-loses-more-than-half-the-value-of-its-reserves-in-bitcoins/