El Salvador’s Bitcoin Reserves Grow: Minister Confirms Continued Accumulation Despite IMF Loan Agreement

El Salvador’sMaria Luisa Hayem, the country’s Minister of Economy, announced that, despite a recent loan agreement with the International Monetary Fund (IMF) that stipulates halting Bitcoin accumulation, the nation plans to persevere in its Bitcoin acquisition strategy. In a live discussion, Hayem stated, “President Bukele has pledged to continue accumulating assets,” highlighting a firm dedication to the cryptocurrency sector. The Bitcoin Office of El Salvador revealed that the country has recently increased its Bitcoin holdings by acquiring an additional 8 BTC in the last week, thus elevating its national strategic reserve to an impressive total of 6162.18 BTC. This ongoing commitment raises questions about the long-term implications for El Salvador’s economy and its stance within the global cryptocurrency landscape.