El Salvador's Bitcoin Gains Top $357M Amid IMF Pressure

El Salvador's Bitcoin holdings have surpassed $644 million in value, generating more than $357 million in unrealized profit as Bitcoin's price nears historical highs. President Nayib Bukele continues to pursue a 'buy and hold' Bitcoin strategy, despite conditions tied to a $1.4 billion IMF loan agreement that called for a rollback of public-sector crypto involvement. El Salvador has increased its Bitcoin reserves to about 6,181 BTC, with much of the profit accrued this year. The country's approach has faced ongoing skepticism, especially regarding limited public adoption and financial risks highlighted by the IMF. Bitcoin's rally has been driven by macroeconomic factors, including robust ETF inflows and anticipated flexibility in U.S. monetary policy. El Salvador's ongoing accumulation and substantial gains have drawn international attention as it remains the first nation to adopt Bitcoin as legal tender.