๐ธ๐ป New: El Salvador buys 240 $BTC since the non-accumulation agreement with the International Monetary Fund! ๐
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๐ Ongoing accumulation of Bitcoin:
Despite a $1.4 billion agreement with the International Monetary Fund (IMF) in December 2024, which included terms discouraging public Bitcoin accumulation, El Salvador has purchased an additional 240 Bitcoin ($BTC) since then. ๐ This increases its total reserves to 6,209 $BTC.
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๐ก Controversial policy:
* Technical compliance: The International Monetary Fund stated that El Salvador remains "technically compliant" with its commitment not to accumulate Bitcoin by the "entire public financial sector." Analysts suggest this might be done through non-public entities or asset reclassification. โ๏ธ
* "Buying Bitcoin daily": El Salvador continues President Nayib Bukele's strategy of buying 1 $BTC daily, a policy that started in 2022. ๐๏ธ
* Ongoing challenges: This comes despite a sharp decline in cryptocurrency remittances to El Salvador in 2025. ๐
โ Do you think El Salvador's insistence on buying Bitcoin will continue, and how will that affect its future relationship with the International Monetary Fund? ๐ค
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