Salvador has acquired 13 Bitcoins (BTC) from March 1, despite the pressure of the International Monetary Fund (IMF) to the country’s public sector, so that he would stop gathering a decentralized valuable assets magazine.
According to the Bitcoin El Salvador office, the National Bitcoin treasure has a total of over 6,105 BTC worth over $ 527 million at current prices.
The country of Central America usually acquires BTC at a constant pace of 1 coin every 24 hours. However, on March 3, Salvador bought 5 BTC in one day.
El Salvador concluded a contract with the IMF in December 2024 for a loan $ 1.4 billion from the organization. As part of this agreement, the Salvador government agreed to cancel the BTC status as a legal tender in the country and reduce the involvement of the public sector in Bitcoin.
Holdings El Salvador Bitcoin. Source: Bitcoin El Salvador office
Related: How can bukele still arrange Bitcoin after the MFW loan agreement?
The El Salvador continues to lay up despite the pressure of the IMF
The El Salvador Congress changed the regulations regarding the Bitcoins in January 2025 in order to meet the MFW loan agreement. The legislators repealed the previous version of the law in voting 55-2.
Despite the repeal, the government continued to arrange Bitcoins, buy two BTC in one day on February 1 and continue the daily accumulation of digital currency.
On March 3, the IMF issued a recent application for exerting pressure on the El Salvador O stop to accumulate BTC and stipulated that the country cannot spend a debt or toxicized securities related to Bitcoin.
President Nayib Bukele reacted to the pressure of the IMF and said that Salvador would continue to buy BTC – characterizing the continuous pressure of the IMF as “whining”.
Source: Nayib bukele
“If it did not end, when the world ruled out and most of the” bitcoiners “abandoned us, it will not stop now and will not end in the future,” said Bukele definitely.
The government of the unanimous attitude of Pro-Bitcoin in El Salvador meant that several main cryptographic companies have announced that they were moving to Central America.
On January 7, Bitfinex derivatives announced that they moved from the Seychelles to El Salvador. Tether Issuer Stablecoin followed in their footsteps on January 13, announcing that he was moving his headquarters to Salvador.
Warehouse: The national boss of Bitcoin in El Salvador was an orange Argentina
