NEWSLETTER
El Salvador acquired 13 bitcoin (btc) since March 1, despite the pressure of the International Monetary Fund (IMF) on the public sector of the country to stop accumulating the decentralized value store of value asset.
According to El Salvador bitcoin's office, bitcoin's treasure in the country has a total of more than 6,105 btc, valued at more than $ 527 million at current prices.
The Central American country generally acquires btc at a constant pace of 1 currency every 24 hours. However, on March 3, El Salvador bought 5 btc in a single day.
El Salvador reached an agreement with the IMF in December 2024 for a loan of $ 1.4 billion of the organization. As part of that agreement, the Government of El Salvador agreed to terminate the status of btc as a legal tender in the country and climb the participation of the public sector with bitcoin.
El Salvador bitcoin Holdings. Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://bitcoin.gob.sv/” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://bitcoin.gob.sv/”>El Salvador bitcoin Office
Related: How can Bikele continue to stack bitcoin after the IMF loan agreement?
El Salvador continues to stack despite the IMF pressure
The El Salvador Congress amended its bitcoin laws in January 2025 to comply with the IMF loan agreement. The legislators repealed the previous version of the law in a vote of 55-2.
Despite the repeal, the government continued stacking bitcoin, buying two btc in a single day on February 1 and continuing its daily accumulation of the digital currency.
On March 3, the IMF issued a new request by pressing El Salvador to stop accumulating btc and stipulated that the country could not issue debt or tokenized values linked to bitcoin.
President Nayib Bukele responded to the IMF pressure and said that El Salvador will continue to buy btc, characterizing the continuous pressure of the IMF as “whining.”
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/nayibbukele/status/1897019629702410551″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/nayibbukele/status/1897019629702410551″>Nayib Bukele
“If it did not stop when the world condemned us with the world with the world and most of the 'bitcoiners' abandoned us, it will not stop now, and will not stop in the future,” Bukele said emphatically.
The Government of El Salvador, the Pro-bitcoin position without complexes caused several important cryptographic firms to announce that they are moving to the Central American country.
On January 7, Bitfinex derivatives announced that Seychelles would be relocated to El Salvador. The stablecoin tether issuer followed his example on January 13 by announcing that he was moving his headquarters to El Salvador.
Magazine: The National Chief of bitcoin de El Salvador has been Argentina from Orange
