El Salvador Increases Bitcoin Holdings Despite IMF Pressure

According to BlockBeats, data from El Salvador's Ministry of Finance reveals that the country has acquired an additional 8 bitcoins over the past week, with an average purchase price of approximately $83,500 each. This acquisition brings El Salvador's total bitcoin holdings to 6,124.18 coins, valued at $516.5 million. Despite pressure from the International Monetary Fund (IMF) urging El Salvador to halt the accumulation of decentralized value storage assets, the country has continued to expand its bitcoin reserves. Over the past 30 days, El Salvador has increased its bitcoin holdings by a total of 43 coins.