El Salvador has acquired 13 Bitcoin (BTC) since March 1, despite the international pressure of the monetary fund (IMF) in the country’s public sector to stop accumulating the decentralized value asset store.
According to the Bitcoin office of El Salvador, the Bitcoin Treasury of the country has a total of more than 6,105 BTC, worth more than $ 527 million at current prices.
The country of Central America generally acquires the BTC at a regular pace of 1 piece every 24 hours. However, on March 3, El Salvador bought 5 BTC in a single day.
El Salvador concluded an agreement with the IMF in December 2024 for a loan of $ 1.4 billion in the organization. As part of this agreement, the government of El Salvador has agreed to cancel the status of BTC as a legal offer in the country and to develop the participation of the public sector with Bitcoin.
El Salvador Bitcoin Holdings. Source: El Salvador Bitcoin Office
In relation: How can Bukele still stack the bitcoin after the IMF loan agreement?
El Salvador continues to stack despite the IMF pressure
The El Salvador Congress changed its Bitcoin laws in January 2025 to comply with the IMF loan agreement. The legislators repealed the previous version of the law during a vote of 55-2.
Despite the repeal, the government continued to stack Bitcoin, buying two BTC in one day on February 1 and continuing its daily accumulation of digital currency.
On March 3, the IMF published a new request putting pressure on El Salvador to stop accumulating BTC and stipulated that the country could not issue debts or token titles linked to Bitcoin.
President Nayib Bukele responded to the IMF pressure and said that El Salvador will continue to buy BTC – characterizing the continuous IMF pressure as “whining”.
Source: Nayib Bukele
“If that hasn’t stopped when the world has ostraca and most of the” bitcoiners “have abandoned us, it will not stop now, and it will not stop in the future,” said Bukele forcefully.
The government of the pro-bitcoin position without an excuse of El Salvador has led several large cryptographic companies to announce that it is moving to the country of Central America.
On January 7, Bitfinex Derivatives announced that he was moving from Seychelles to El Salvador. Stablecoin Tether’s transmitter followed out on January 13 by announcing that he was moving his headquarters to El Salvador.
Review: El Salvador’s National Bitcoin Head was in Argentina in Orange
