El Salvador is expected to reach an agreement with the International Monetary Fund (IMF) in the next two to three weeks on a $1.3 billion loan program, contingent on changes being made to the country’s use of Bitcoin as legal tender and reductions in government deficits.
Nasdaq-listed MicroStrategy has acquired approximately 21,550 BTC for $2.1 billion in cash between December 2 and December 8, at an average price of $98,783 per Bitcoin.
A senior Russian lawmaker has suggested the establishment of a strategic Bitcoin reserve, according to a document reported by the state-owned news agency RIA Novosti.
Top stories in the Crypto Roundup today:
- El Salvador Nears $1.3 Billion IMF Deal Contingent on Bitcoin Policy Changes
- MicroStrategy Acquires Additional 21,550 BTC for $2.1 Billion
- Russian Lawmaker Proposes Strategic Bitcoin Reserve
- Help Shape the Future of CoinDesk & CryptoCompare