El Salvador Has Bought Over 13 BTC Since March 1, Despite IMF Deal
El Salvador has purchased 13 BTC since March 1, despite pressure from the IMF to stop accumulating Bitcoin.
The country's Bitcoin treasury currently holds 6,105 BTC , worth more than $527 million . The country usually buys 1 BTC per day , but on March 3 , it bought 5 BTC in one day .
Despite signing a $1.4 billion loan agreement with the IMF in December 2024 , pledging to delist BTC as legal tender , El Salvador continues to buy Bitcoin.
El Salvador continues to grow despite IMF pressure
El Salvador's Congress amended Bitcoin law in January 2025 to comply with a $1.4 billion loan agreement from the IMF, in a 55-2 vote .
Despite the law being repealed, the government continues to buy BTC on a daily basis . The IMF increased pressure on March 3 , demanding that El Salvador stop accumulating BTC and ban the issuance of bonds or crypto-securities tied to Bitcoin .
President Nayib Bukele responded, affirming that El Salvador will continue to buy BTC , calling the pressure from the IMF just “whining” .
“We have not stopped in the face of international pressure, and we will not stop now or in the future,” President Bukele affirmed.
El Salvador’s strong pro-Bitcoin policy has attracted major crypto companies:
Bitfinex Derivatives announced the relocation of its headquarters from Seychelles to El Salvador on January 7 .
Tether , the stablecoin issuer, also announced it was moving its headquarters to El Salvador on January 13 .