🚨El Salvador Boosts Bitcoin Reserves Amid IMF Pressure🚨
According to Block Beats, El Salvador has added one more Bitcoin to its reserves as of March 9, bringing its total holdings to 6,105.18 BTC, valued at over $527 million. Over the past week, the country has purchased 13 Bitcoins, while in the last month, it has accumulated 36 BTC.
Despite ongoing pressure from the International Monetary Fund (IMF) to scale back its Bitcoin acquisitions, El Salvador continues to expand its holdings, adding 13 BTC since March 1.
"In December 2024" 💥
El Salvador secured a $1.4 billion loan from the IMF. As part of the agreement, the government committed to revoking Bitcoin’s status as legal tender and reducing state involvement with the cryptocurrency.
