El Salvador has purchased seven more Bitcoin, valued at over $650K, despite IMF loan conditions that seemingly discourage further crypto acquisitions. While the IMF states that El Salvador is compliant with its $1.4 billion loan terms—particularly regarding ‘non-accumulation of Bitcoin by the overall fiscal sector’—on-chain data reveals ongoing daily BTC deposits into government wallets. Analysts suggest the IMF’s language leaves room for interpretation, allowing purchases through non-prohibited channels. President Nayib Bukele remains committed to Bitcoin, dismissing external pressure, while Spain’s Economic Minister reaffirms support for the policy. The IMF’s conditions included reducing Chivo wallet usage and halting state-funded BTC purchases, but Bitcoin’s strong market performance continues to validate Bukele’s strategy.
about El Salvador Buys More Bitcoin Despite IMF Loan ConditionsBukele
0 posts last weekEl Salvador Quietly Expands Bitcoin Reserves Under IMF Watch
El Salvador has quietly added 32 Bitcoins to its national reserves, bringing its total holdings to 6,161.18 BTC worth $584 million. While complying with IMF loan conditions by avoiding direct government purchases, the Bitcoin Office continues daily acquisitions. The IMF is reviewing El Salvador’s fiscal reforms, which include rolling back mandatory Bitcoin acceptance laws. President Bukele remains committed to the Bitcoin strategy, even as the country adjusts policies to meet international lender demands. The IMF’s first program review will assess compliance and financial stability, with potential implications for $2 billion in additional development financing.
about El Salvador Quietly Expands Bitcoin Reserves Under IMF WatchEl Salvador’s President Bukele Defies IMF and Continues Bitcoin Purchases
El Salvador’s President Nayib Bukele remains committed to purchasing Bitcoin daily, despite the International Monetary Fund’s (IMF) warnings against using public funds for cryptocurrency investments. While the IMF expresses concerns over financial stability, El Salvador’s Bitcoin holdings have reportedly turned profitable, with estimates suggesting unrealized gains exceeding $30 million. Bukele believes that Bitcoin adoption will ultimately benefit the country’s economy, though the long-term implications of this strategy remain uncertain.
about El Salvador's President Bukele Defies IMF and Continues Bitcoin PurchasesBukele Stands Firm on Bitcoin Amid IMF Loan Conditions
El Salvador’s President Nayib Bukele has reaffirmed his commitment to Bitcoin, defying the IMF’s conditions tied to a $1.4 billion loan that restricts government Bitcoin purchases and mandates transparency. Despite these pressures, Bukele announced the acquisition of additional BTC, bringing the country’s total to 6,101, emphasizing Bitcoin’s role in national sovereignty and economic independence. His stance has garnered both support and skepticism, as critics warn that defying the IMF could jeopardize future financial aid.
about Bukele Stands Firm on Bitcoin Amid IMF Loan ConditionsEl Salvador Defies IMF and Continues Daily Bitcoin Purchases
El Salvador’s President Nayib Bukele announced the continuation of daily Bitcoin purchases despite pressure from the International Monetary Fund (IMF) to halt accumulation as part of a $1.4 billion loan agreement. The country, now holding 6,101 BTC valued at approximately $534.5 million, has not clarified its stance on other IMF requests, including restrictions on Bitcoin mining and public sector debt linked to the cryptocurrency.
about El Salvador Defies IMF and Continues Daily Bitcoin PurchasesEl Salvador President Rejects IMF Bitcoin Purchase Restrictions
El Salvador’s president Nayib Bukele has firmly rejected the IMF’s recent request to halt government Bitcoin purchases, asserting that the country “won’t stop” buying the cryptocurrency. Despite the IMF’s call for a “ceiling of 0” on government acquisitions and a ban on voluntary accumulation, Bukele emphasized the nation’s commitment to Bitcoin, stating, “If it didn’t stop when the world ostracized us, it won’t stop now.” El Salvador currently holds over 6,100 Bitcoin, valued at more than $527 million.
about El Salvador President Rejects IMF Bitcoin Purchase RestrictionsEl Salvador Continues Bitcoin Purchases Despite IMF Pressure to Halt
El Salvador’s President Nayib Bukele announced that the country will continue purchasing Bitcoin despite the IMF’s request to halt its accumulation and mining activities. Bukele emphasized that the government’s commitment to Bitcoin remains strong, having acquired at least one Bitcoin daily since March 4. El Salvador currently holds 6,101 Bitcoin, valued at approximately $534.5 million, making it the sixth-largest holder among nations.
about El Salvador Continues Bitcoin Purchases Despite IMF Pressure to HaltEl Salvador Increases Bitcoin Holdings Amid IMF Loan Conditions and Price Drop
El Salvador purchased 5 Bitcoin for approximately $415,000 as the price dropped to $83,000, raising its total holdings to 6,100 BTC valued at around $510 million. This acquisition follows a $1.4 billion loan from the IMF, which mandates reduced government involvement in Bitcoin activities. Despite these conditions, President Nayib Bukele is also pursuing advancements in artificial intelligence and technology to position El Salvador as a regional tech hub.
about El Salvador Increases Bitcoin Holdings Amid IMF Loan Conditions and Price DropEl Salvador and Metaplanet Increase Bitcoin Holdings Amid Market Decline
El Salvador and Metaplanet have seized the opportunity to increase their Bitcoin holdings amid a recent market slump. El Salvador acquired an additional 7 BTC, raising its total to 6,088 BTC, while Metaplanet purchased 135 BTC, bringing its total to 2,235 BTC. Both entities remain committed to their Bitcoin strategies despite external pressures and market challenges.
about El Salvador and Metaplanet Increase Bitcoin Holdings Amid Market DeclineEl Salvador Increases Bitcoin Holdings to 6068.18 Amid Regulatory Changes
El Salvador has added 21 BTC to its reserves in the past week, bringing its total to 6,068.18 BTC, despite recent policy changes that ended Bitcoin’s legal tender status. President Bukele continues to pursue a long-term Bitcoin strategy, viewing it as “digital gold,” while balancing international financial pressures. The nation’s ongoing investment in Bitcoin has sparked mixed reactions domestically and has drawn global interest, positioning El Salvador as a notable player in the cryptocurrency landscape.
about El Salvador Increases Bitcoin Holdings to 6068.18 Amid Regulatory ChangesEl Salvador amends Bitcoin law for IMF funding agreement
El Salvador has passed a new law to amend its Bitcoin legislation, aligning with a $1.4 billion loan agreement with the International Monetary Fund (IMF). The reform allows businesses to choose whether to accept cryptocurrency, significantly reducing Bitcoin-related risks. The changes, approved by the ruling New Ideas Party, are pending IMF Executive Board approval and are aimed at supporting economic reforms.
about El Salvador amends Bitcoin law for IMF funding agreementCzech Central Bank Plans to Diversify Reserves with Bitcoin Acquisition
The Czech National Bank is considering adding Bitcoin to its reserves as a means of diversifying its portfolio, with its head, Michl, acknowledging the unconventional nature and risks of this move. Meanwhile, U.S. Senator Cynthia Lummis is advocating for the establishment of a Strategic Bitcoin Reserve to ensure America’s competitive edge in the digital asset space.
about Czech Central Bank Plans to Diversify Reserves with Bitcoin Acquisition