#BinanceAlpha$1.7MRewardEl Salvador continues to accumulate Bitcoin despite pressure from the International Monetary Fund (IMF) to halt purchases. Here's a summary of the situation¹ ²:

- *Bitcoin Holdings*: El Salvador's current Bitcoin holdings stand at over 6,159 BTC, valued at approximately $580 million.

- *IMF Pressure*: The IMF has expressed concerns over financial stability, transparency, and governance, urging El Salvador to stop accumulating Bitcoin and limit government involvement in Bitcoin-related activities.

- *Loan Agreement*: In December 2024, El Salvador signed a $1.4 billion loan agreement with the IMF, which requires the country to revise its Bitcoin policies, including removing mandatory BTC acceptance for merchants and ending Bitcoin-based tax payments.

- *Government Response*: President Nayib Bukele has rejected the IMF's pressure, affirming that Bitcoin purchases will continue. El Salvador's government maintains its daily Bitcoin purchase strategy, acquiring 1 BTC per day, with occasional larger purchases.

- *Recent Purchases*: Since March 1, El Salvador has acquired an additional 13 BTC, and in one instance, purchased 5 BTC in a single transaction, deviating from its usual daily pace.

The country's commitment to Bitcoin remains unwavering, with President Bukele stating, "If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future#BinanceTGEAlayaAI $BTC

".