El Salvador Doubles Down on Bitcoin Reserves Despite IMF Pressure

El Salvador has significantly bolstered its Bitcoin reserves, adding eight Bitcoins to its holdings this past week, reaching over 6,173 BTC. This move defies a loan agreement with the International Monetary Fund (IMF), which had stipulated restrictions on the country’s cryptocurrency investment. The decision highlights President Nayib Bukele’s unwavering commitment to Bitcoin despite international pressure and IMF warnings.