El Salvador Doubles Down on Bitcoin Purchases Despite IMF Pressure

Despite an IMF loan agreement aimed at halting publicly funded Bitcoin purchases, El Salvador’s government has increased its Bitcoin holdings. Official data indicates the government added 7 BTC last week, pushing national reserves to a total of 6,173 BTC. This investment is now worth approximately $637 million, representing a significant stake in the nation’s small but burgeoning economy, valued at around $30 billion.