El Salvador Buys 6 More Bitcoins, Total 6,111.18 BTC, Defying IMF
1min read El Salvador has acquired an additional 6 Bitcoins, bringing its total holdings to 6,111.18 BTC. This purchase comes despite an agreement with the International Monetary Fund (IMF) that aimed to limit the country's Bitcoin purchases. The recent acquisition includes 5 Bitcoins purchased on Sunday, in addition to the usual daily purchase of 1 Bitcoin. This move follows a previous acquisition of 5 Bitcoins during a market dip.
Ask Aime: What's next for El Salvador's Bitcoin purchases after acquiring more?
The Bitcoin Office of el Salvador confirmed the latest purchases, which add to the country's existing Bitcoin stash. The total value of El Salvador's Bitcoin holdings is approximately $504 million at current prices. This acquisition represents a significant increase from the approximately 5,700 BTC the country held at the beginning of 2025.
President Nayib Bukele has reiterated the country's commitment to its Bitcoin accumulation strategy. In a recent statement, he emphasized that El Salvador will not halt its Bitcoin purchases, despite external pressures and previous market volatility. Bukele's stance underscores the country's resolve to continue integrating Bitcoin into its financial system, regardless of international criticism or market fluctuations.
On February 17, the IMF approved a $1.4 billion loan to El Salvador, which included conditions to reduce the country's Bitcoin purchases. The IMF cited concerns over volatility risks, fiscal vulnerabilities, and potential implications for financial stability. In response, the Legislative Assembly of El Salvador approved a bill to revise the country's Bitcoin adoption strategy, aligning with the IMF's requirements. However, El Salvador has continued to accumulate Bitcoins, maintaining that its dollar-based economy remains stable alongside the implementation of Bitcoin.
El Salvador's ongoing Bitcoin purchases and infrastructure development, such as the construction of the Bitcoin City Airport, serve as a test case for broader crypto adoption. The country's actions demonstrate a commitment to leveraging blockchain technology and digital assets, despite the challenges and uncertainties associated with this emerging field. As El Salvador continues to navigate its Bitcoin strategy, it remains a focal point for discussions on the future of digital currencies and their integration into national economies.
