The government of El Salvador continues stacking Bitcoin (
BTC
) for its national cryptocurrency reserves, even though it currently has an active agreement with the International Monetary Fund (IMF), which requires the Central American nation to refrain from using public money to buy Bitcoin as part of the terms for obtaining a loan.
According to
data
from the El Salvador Bitcoin Office, the country acquired an additional seven BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million.
El Salvador’s Bitcoin Office has continued its
consistent rate of Bitcoin purchases
Several months following the signing of the IMF agreement, there is still no indication that they will cease their Bitcoin acquisitions.
One of the Central American countries is among the few nations actively buying Bitcoin through open-market transactions, and it has established a specific national strategy for its Bitcoin reserves.
function as a model for other nations
also considering Bitcoin strategic reserves, according to crypto industry executives.
Related:
El Salvador collaborates with Nvidia to create independent AI infrastructure.
El Salvador continues to resist IMF pressures.
El Salvador
entered into a $1.4 billion loan pact
In December 2024, with the involvement of the IMF. Part of this agreement required the nation’s government to repeal its legislation making Bitcoin legal tender, rendering Bitcoin transactions optional instead.
The accord additionally mandated that El Salvador should reduce its Bitcoin holdings, prohibiting the use of government money for buying Bitcoins.
Furthermore, the agreement mandated that the government privatize the Chivo Wallet, which was initially financed with public funds but remained underutilized by citizens.
In January 2025, legislators in a Central American nation overturned the law making Bitcoin legal tender with a 55-2 congressional vote; however, this had no impact on halting or reducing Bitcoin purchases.
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The IMF
issued another request to
the country to halt Bitcoin buys in March 2025, reiterating the original terms of the agreement. However, El Salvador’s President
Nayib Bukele resisted the demands.
.
Bukele stressed that despite increasing pressure from the international financial organization, the nation would continue with its Bitcoin acquisitions and wouldn’t reduce itsBTC holdings.
“No, it isn’t halting. If it didn’t cease when the world shunned us and most ‘Bitcoiners’ left our side, it won’t halt now, nor will it ever,” Bukele posted on X
post
.
Magazine:
El Salvador’s national Bitcoin chief has been orange-pilling Argentina