El Salvador Doubles Down on Bitcoin Investments Amidst IMF Concerns

El Salvador has made another significant Bitcoin purchase, adding more than $834,000 to its existing holdings. This follows a 30-day accumulation of 30 BTC, valued at roughly $3.1 million. The move comes just days after the International Monetary Fund (IMF) issued a warning advising against further cryptocurrency acquisitions for the country. The IMF’s review under the Extended Fund Facility agreement urged El Salvador to maintain its current crypto exposure, citing financial stability and debt risk concerns.