El Salvador Doubles Down on Bitcoin Holdings Amid Market Dip

El Salvador’s bitcoin reserves continued to expand this week, with the country purchasing a further $100 million worth of BTC. The latest acquisition brings El Salvador’s total holdings to 7,474 bitcoins, a new record for the nation. However, the move has sparked scrutiny over its compliance with IMF loan agreements and the origin of the newly acquired coins. The nation added this fresh reserve as Bitcoin’s price dropped below $90,000, continuing El Salvador’s strategy of consistent purchase during market dips.