Key Takeaways
- El Salvador acquired 13 BTC since March 1, totaling 6,105 BTC.
- IMF pressures El Salvador to cease Bitcoin purchases and issuance of Bitcoin-backed securities.
- Bukele dismisses IMF issues, stating Bitcoin accumulation will proceed.
El Salvador has acquired 13 Bitcoin since March 1, regardless of the Worldwide Financial Fund (IMF) urging the federal government to cease public sector involvement with Bitcoin.
The nation’s Bitcoin treasury now holds over 6,105 BTC, valued at greater than $527 million.
Authorities’s buying technique
The federal government, led by President Nayib Bukele, sometimes buys 1 BTC per day however bought 5 BTC on March 3.
This accumulation persists even after El Salvador struck a $1.4 billion mortgage cope with the IMF in December 2024.
The settlement required the nation to rescind Bitcoin’s authorized tender standing and cut back public sector involvement with the asset.
Legislative compliance & continued accumulation
In January 2025, El Salvador’s Congress amended its Bitcoin legal guidelines to adjust to the IMF deal, passing the modifications with a 55-2 vote.
Nonetheless, the nation continued accumulating BTC, together with a purchase order of two BTC on Feb. 1.
IMF’s continued strain
On March 3, the IMF once more pressured El Salvador to halt Bitcoin acquisitions, additionally prohibiting the issuance of debt or securities tied to Bitcoin.
In response, Bukele dismissed the IMF’s calls for, stating:
If it didn’t cease when the world ostracized us and most ‘bitcoiners’ deserted us, it received’t cease now, and it received’t cease sooner or later.
Attracting main companies
El Salvador’s robust pro-Bitcoin stance has attracted main companies.
In January, Bitfinex Derivatives relocated to El Salvador from Seychelles, and stablecoin issuer Tether introduced its transfer shortly after.