El Salvador’s Bitcoin Profits Soar Amid All-Time High Hopes | US Crypto News 🇸🇻
El Salvador's Bitcoin holdings have soared to $357 million in gains, drawing international attention. While President Nayib Bukele champions Bitcoin adoption, the IMF challenges this approach, urging policy revisions.
Despite IMF pressure, El Salvador continues to accumulate Bitcoin and explores deepening cooperation with the US.
Separately, MicroStrategy, led by Michael Saylor, continues its aggressive Bitcoin acquisitions but faces legal challenges over alleged misleading statements about its Bitcoin strategy. A class-action lawsuit claims that the company concealed risks associated with its Bitcoin-focused investment approach.
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