๐ธ๐ป ๐๐น ๐ฆ๐ฎ๐น๐๐ฎ๐ฑ๐ผ๐ฟ ๐๐ผ๐ฒ๐ ๐ถ๐ ๐๐ด๐ฎ๐ถ๐ป: ๐๐๐๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฑ๐ฒ๐๐ฝ๐ถ๐๐ฒ ๐๐ ๐ ๐ช๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐ฅ
IMF says โStop.โ El Salvador buys more Bitcoin anyway.
In a bold move thatโs making headlines again, El Salvador just bought 8 more BTC, ignoring warnings from the International Monetary Fund (IMF) to halt further crypto accumulation.
โก๏ธ This purchase came right after the IMF reviewed El Salvadorโs $1.4B loan program, praising the countryโs fiscal progress and economic reforms โ but once again warning against state-backed Bitcoin buys.
โ Key Facts
๐ธ๐ป New BTC Purchase: 8 more bitcoins added by the Bitcoin Office
๐ฐ Total Holdings: Nearly 6,200 BTC, worth over $674M
โ ๏ธ IMF Warning: Reiterated demand to freeze state crypto purchases
๐ Chivo Wallet Deadline: IMF wants public sector exit by July
๐ผ How Bukele Is Bypassing IMF Rules
President Nayib Bukele continues to push Bitcoin adoption through the Bitcoin Office, which technically operates outside the โfiscal sector.โ
โก๏ธ That means it can keep buying Bitcoin in small daily amounts without breaking the IMF loan agreement.
โThey are still complying with performance criteria,โ said IMFโs Rodrigo Valdes, confirming the legal workaround.
๐ Smart Strategy or Standoff?
Bitcoin is no longer mandatory legal tender, but remains an optional currency
The IMFโs conditions are being technically met
But the governmentโs daily BTC purchases send a clear message: Bukele isnโt backing down
๐ต Why It Matters:
Beyond the $1.4B IMF deal, El Salvador is looking to unlock another $2B in development bank funding โ while juggling debt levels near 85% of GDP.
๐ Whether this Bitcoin vs IMF standoff helps or hurts long-term, one thing is clear:
El Salvador isnโt done stacking sats.