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.
