El Salvador Adds 13 BTC Despite IMF Pressure

El Salvador has acquired 13 Bitcoin (BTC) since March 1st, despite ongoing pressure from the International Monetary Fund (IMF) to cease public sector Bitcoin accumulation. This brings the country's total Bitcoin treasury holdings to over 6,105 BTC, currently valued at more than $527 million.

Defying the IMF

This acquisition comes despite a December 2024 agreement with the IMF for a $1.4 billion loan, which included stipulations to scale back public sector Bitcoin involvement. In January 2025, El Salvador's Congress amended its Bitcoin laws to comply with this agreement. However, the government's Bitcoin purchases continue.

While the typical acquisition rate is approximately 1 BTC per day, El Salvador purchased 5 BTC on March 3rd alone. This consistent purchasing strategy, even following the IMF's renewed pressure in March to halt BTC accumulation, underscores President Bukele's unwavering commitment to Bitcoin.

El Salvador's Bitcoin Strategy

President Bukele's response to the IMF's pressure has been resolute, with statements indicating that the Bitcoin buying will not cease. This defiant stance has attracted significant attention from the crypto community and prompted several major crypto firms to relocate to El Salvador, including Bitfinex Derivatives and Tether.

• Bitfinex Derivatives relocated from Seychelles to El Salvador on January 7th.
• Tether announced its headquarters move to El Salvador on January 13th.

This influx of crypto businesses highlights El Salvador's growing position as a pro-Bitcoin jurisdiction, despite international financial institution pressure. The long-term impact of this strategy remains to be seen, but it demonstrates a clear commitment to Bitcoin's potential.

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