#BitcoinPolicyShift
El Salvador's President Nayib Bukele has confirmed that the country will continue buying Bitcoin (BTC) as a strategic reserve, despite restrictions imposed by the International Monetary Fund (IMF) ¹. This move is consistent with El Salvador's pioneering adoption of BTC as a legal tender in 2021, alongside the US dollar.
El Salvador has been purchasing one Bitcoin daily since November 2022, using a dollar-cost averaging strategy. The country's total holdings now stand at approximately 6,100 BTC, valued at around $530 million ¹.
The IMF's $1.4 billion loan agreement with El Salvador included conditions to reduce government involvement in crypto activities, such as Bitcoin purchases and transactions ². However, President Bukele has made it clear that his administration will continue accumulating BTC, signaling the country's ongoing commitment to its crypto strategy ¹.
