#GENIUSActPass

El Salvador, the first country in the world to adopt Bitcoin as legal tender, continues to buy Bitcoin despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that includes provisions restricting further accumulation. The government's cash wallet currently holds 6,209 Bitcoin, having added 240 BTC since December 19, 2024, after the IMF deal was announced.

In December, El Salvador made a deal with the IMF for a $1.4 billion loan, which required the government to revoke Bitcoin's status as legal tender and stop the public accumulation of BTC. However, when asked about the purchases, Rodrigo Valdes, director of the Western Hemisphere Department at the IMF, stated that the country remains technically compliant. “El Salvador continues to adhere to their commitments not to accumulate Bitcoin by the overall fiscal sector,” he explained.