El Salvador Defies IMF Rules, Continues Buying BTC


El Salvador has acquired an additional seven $BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million.


The Central American nation continues its Bitcoin accumulation strategy despite an International Monetary Fund (IMF) loan agreement stipulating that the country stop using public funds for #Bitcoin purchases.


President Nayib Bukele remains defiant against IMF pressure, stating, "No, it's not stopping" in a March X post.


El Salvador's $1.4 billion IMF agreement from December 2024 required rescinding Bitcoin's legal tender status and privatizing the Chivo Wallet.


The country's consistent Bitcoin #strategy may serve as a blueprint for other nations considering sovereign digital asset reserves.


  x.com/nayibbukele/status/18970...

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May 11, 2025 at 11:48 PM
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