El Salvador Boosts Bitcoin Holdings Despite IMF Pressure
El Salvador is doubling down on it's #BTC Bitcoin strategy, quietly increasing its crypto holdings even amid mounting pressure from the International Monetary Fund (IMF). According to the latest data from the Ministry of Finance, the Central American nation now holds 6,180.18 Bitcoins, valued at over $638 million.
In just the past week, El Salvador added 8 Bitcoins, and over the last 30 days, it has acquired 31, staying consistent with President Nayib Bukele’s long-standing initiative to purchase one Bitcoin per day.
However, this continued crypto accumulation comes at odds with the IMF. In December 2024, El Salvador secured a $1.4 billion loan agreement with the global financial institution. As part of the deal, the country pledged to revoke Bitcoin’s legal tender status and limit public sector involvement with the digital asset.
During a recent IMF spring meeting on April 27, Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, reaffirmed that El Salvador remains committed to not holding Bitcoin within its overall fiscal accounts—an important benchmark in the loan agreement.
Despite the IMF's stance, El Salvador's silent yet steady accumulation signals a strong belief in Bitcoin's long-term value. The country's strategic crypto play continues to spark debate across the financial world.
