Despite pressure from the International Monetary Fund (#IMF ) to reduce the presence of Bitcoin in the economy, El Salvador has just announced the addition of 11 Bitcoins to its Strategic Reserve Fund.



11 New Bitcoins – A Bold Move



On January 20, the National Bitcoin Office #ElSalvador announced on Twitter the purchase of an additional 11 Bitcoins (worth over 1 million USD). This move came shortly after the government committed to the IMF to limit the adoption of Bitcoin in exchange for a 1.4 billion USD loan.



Pressure from the IMF



In the agreement with the IMF in December 2024, El Salvador agreed to:


• Businesses are not required to accept Bitcoin.


• Limit public sector participation in crypto-related activities.



The IMF has repeatedly warned El Salvador about the economic, financial, and legal risks of using $BTC as legal tender since this policy was implemented in September 2021.



However, this country is still determined to go against the tide, continuing to accelerate its accumulation of #bitcoin . In December 2024, Ms. Stacy Herbert, head of the National Bitcoin Office, announced that El Salvador would accelerate its Bitcoin purchases after reaching an agreement with the IMF.



IMF: Risks Not Yet Present but Must Remain Cautious



In August 2024, the IMF acknowledged that many risks from the 'Bitcoin experiment' in El Salvador have not yet materialized. However, the organization emphasized the need to enhance transparency and mitigate potential financial and economic risks.



In October 2024, IMF spokesperson Ms. Julie Kozack continued to recommend that El Salvador limit public sector exposure to Bitcoin, emphasizing that this is a necessary measure to protect financial stability.



El Salvador: The Pioneer or the Gambler?



El Salvador made history by becoming the first country in the world to accept Bitcoin as legal tender. Although this policy has received much criticism, the country remains confident in its direction.



The additional Bitcoin purchase this time is proof of El Salvador's long-term strategy. Will this small Central American country become a symbol of innovation or face significant financial risks?



👉 El Salvador is still challenging the world with its 'Bitcoin experiment'.