El Salvador Invests $100 Million in Bitcoin Despite IMF Agreement

El Salvador has taken a significant step by acquiring over $100 million worth of Bitcoin (BTC), defying an International Monetary Fund (IMF) agreement to limit its exposure to the cryptocurrency. This move came as El Salvador announced the purchase of 1,090 BTC on Tuesday. The government’s investment follows the IMF’s July report that stated El Salvador has not acquired any new Bitcoin since a $1.4 billion loan program was approved in late 2024.