El Salvador's government continues to be stacked with Bitcoin (BTC) for its national crypto reserves, despite a continuing deal with the International Monetary Fund (IMF) which sets that the Central American country has stopped using public funds to buy Bitcoin as one of the conditions for a loan agreement.
According to Data From the El Salvador Bitcoin's office, the country gained an additional seven BTC in the last seven days, carrying its total handling at 6,173 BTC, worth more than $ 637 million.
El Salvador's Bitcoin's office continued at the steady pace of Bitcoin extraction months after signing the IMF agreement and not showing a sign of stopping Bitcoin purchases.
The Central American country is one of the only countries that actively buy Bitcoin in open market operations, and the national approach to Bitcoin's treasury will serve as a plan for other countries that are also considered Strategic Bitcoin strategic reserves, according to crypto industry executives.
Related: El Salvador cooperates with Nvidia to produce AI's Sovereign infrastructure
El Salvador remains rugged against IMF pressure
El Salvador signed a $ 1.4 billion IMF loan agreement in December 2024. As part of that agreement, the country's government agreed to save the legal legal law and voluntarily voluntarily pay Bitcoin.
The agreement also sets that El Salvador should measure the accumulation of Bitcoin, which prevents the use of public funds to supply Bitcoin purchases.
In addition, the deal is that the government is asking for the Chivo wallet, which is publicly funded but has seen minimal use among residents.
In January 2025, lawmakers in the country in Central America dismissed the legal Bitcoin legal law in a 55-2 vote of Congress, though it had done nothing to pause or slow the acquisition of bitcoin.
https://www.youtube.com/watch?v=6TE6J20- XEY
The IMF issued another request to the country to stop buying Bitcoin in March 2025, reciting the original terms of the agreement. However, El Salvador President Nayib Buklele pushed back against the requests.
Buklele emphasized that the country will not stop Bitcoin purchases or slow down BTC accumulation in the face of pressure mounted from the supranational financial institution.
“No, it doesn't stop. If it doesn't stop when the world is ostracizing us and most 'Bitcoiners' left us, it won't stop now, and it won't stop in the future,” Buklele wrote on a March 4 x x Post.
Magazine: El Salvador's national leader became orange-selected Argentina
