According to Deep Tide TechFlow, the International Monetary Fund (IMF) stated that it will continue to ensure that the amount of Bitcoin held by the El Salvador government remains unchanged. In March of this year, El Salvador reached a $3.5 billion loan agreement with the IMF, which restricts the status and accumulation of Bitcoin. According to the agreement, Bitcoin lost its status as legal tender, and merchants are no longer required to accept Bitcoin payments.
Nevertheless, El Salvador continues to increase its Bitcoin holdings. Since the announcement of the agreement on March 4, the amount of Bitcoin held by the government has increased from 6,101.15 to 6,189.18, worth approximately $678 million. President Bukele stated that he will not stop purchasing Bitcoin. The IMF report indicates that the plan is being executed well, with key fiscal and reserve targets being met.
