The El Salvador government continues to stack Bitcoin (BTC) for its national cryptography reserve, despite a continuous agreement with the International Monetary Fund (IMF) stipulating that the Central America country ceases to use public funds to buy Bitcoin as one of the conditions for a loan agreement.
According to data from the El Salvador Bitcoin Office, the country has acquired additional seven BTC in the last seven days, bringing its total assets to 6,173 BTC, valued at more than $ 637 million.
The Bitcoin office of El Salvador continued its regular rhythm of Bitcoin acquisitions for months after the signing of the IMF agreement and shows no signs of stopping its Bitcoin purchases.
The country of Central America is one of the only nations that actively buy Bitcoin in free market operations, and its national Bitcoin treasure strategy will serve as a plan for other countries by also considering Bitcoin’s strategic reserves, according to the leaders of the cryptographic industry.
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El Salvador remains provocative against IMF pressure
El Salvador signed a loan agreement of $ 1.4 billion with the IMF in December 2024. As part of this agreement, the country’s government agreed to cancel its law on legal bitcoin and to make the payments of Bitcoin voluntary.
The agreement also stipulated that El Salvador should reduce its accumulation of Bitcoin, refraining from using public funds to finance Bitcoin purchases.
In addition, the agreement forced the government to privatize the Chivo portfolio, which was funded publicly but has seen little use among residents.
In January 2025, the legislators of the country of Central America repealed the law on the Bitcoin call for tenders during a vote of Congress 55-2, although this did nothing to take a break or slow down the acquisitions of Bitcoin.
https://www.youtube.com/watch?v=6te6j20-xey
The IMF published another request to the country to stop Bitcoin’s purchases in March 2025, reiterating the original terms of the agreement. However, the president of El Salvador, Nayib Bukele, rejected requests.
Bukele stressed that the country would not stop its Bitcoin purchases or not slow its BTC accumulation in the face of the increasing pressure of the supranational financial institution.
“No, it does not stop. If it did not stop when the world has ostraca and most of the” bitcoiners “abandoned us, it will not stop now, and that will not stop in the future,” wrote Bukele in a post of March 4.
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