The post El Salvador Boosts Bitcoin Holdings to Over $527 Million Despite IMF Pressure appeared on BitcoinEthereumNews.com.

El Salvador has once again bolstered its Bitcoin reserves, as confirmed by data published by the Salvadoran Ministry of Finance. As of this morning, the nation’s total Bitcoin holdings stand at 6,105.18 BTC, reflecting a value exceeding $527 million. Over the past week, El Salvador has expanded its cryptocurrency portfolio by an additional 13 bitcoins, and this trend continues with a total increase of 36 bitcoins in the last month. This acquisition comes despite the International Monetary Fund (IMF) exerting pressure on the nation to halt its accumulation of this decentralized asset. Notably, since March 1st, the government has added 13 BTC to its holdings. In December 2024, El Salvador formalized a loan agreement with the IMF amounting to $1.4 billion, which included stipulations to revoke Bitcoin’s legal tender status and lessen governmental engagement with the cryptocurrency. Source: https://en.coinotag.com/breakingnews/el-salvador-boosts-bitcoin-holdings-to-over-527-million-despite-imf-pressure/

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Filed under: News - @ March 9, 2025 1:04 am