El Salvador acquired 13 Bitcoin (BTC) since March 1, regardless of Worldwide Financial Fund (IMF) stress on the nation's public sector to cease accumulating the decentralized retailer of worth asset.
In response to the El Salvador Bitcoin Workplace, the nation's Bitcoin treasury holds a complete of over 6,105 BTC, valued at greater than $527 million at present costs.
The Central American nation sometimes acquires BTC at a gentle tempo of 1 coin each 24 hours. Nonetheless, on March 3, El Salvador bought 5 BTC in a single day.
El Salvador struck a deal with the IMF in December 2024 for a $1.4 billion mortgage from the group. As a part of that deal, the federal government of El Salvador agreed to rescind the standing of BTC as authorized tender within the nation and reduce public sector involvement with Bitcoin.
El Salvador Bitcoin holdings. Supply: El Salvador Bitcoin Office
Associated: How can Bukele still stack Bitcoin after IMF loan agreement?
El Salvador continues stacking regardless of IMF stress
El Salvador's Congress amended its Bitcoin laws in January 2025 to adjust to the IMF mortgage settlement. Lawmakers repealed the earlier model of the regulation in a 55-2 vote.
Regardless of the repeal, the federal government continued stacking Bitcoin, purchasing two BTC in a single day on Feb. 1 and persevering with its every day accumulation of the digital foreign money.
On March 3, the IMF issued a brand new request pressuring El Salvador to stop accumulating BTC and stipulated that the nation couldn't challenge debt or tokenized securities tied to Bitcoin.
President Nayib Bukele responded to the IMF stress and stated that El Salvador will continue buying BTC — characterizing the IMF's continued stress as "whining."
Supply: Nayib Bukele
“If it didn’t cease when the world ostracized us and most 'bitcoiners' deserted us, it gained’t cease now, and it gained’t cease sooner or later," Bukele emphatically acknowledged.
The federal government of El Salvador's unapologetic pro-Bitcoin stance precipitated a number of main crypto companies to announce that they're relocating to the Central American nation.
On Jan. 7, Bitfinex Derivatives introduced it was relocating from Seychelles to El Salvador. Stablecoin issuer Tether adopted swimsuit on Jan. 13 by asserting it was moving its headquarters to El Salvador.
Journal: El Salvador’s national Bitcoin chief has been orange-pilling Argentina
