gposas
El Salvador has continued to bolster its Bitcoin holdings, adding 13 BTC since March 1, 2025, bringing its total reserves to over 6,105 BTC, valued at approximately $527 million at current rates.
Recent Purchases:
- March 17, 2025: The country’s Bitcoin Office announced the acquisition of an additional Bitcoin, bringing the total reserves to approximately 6,118.18 BTC, valued at over $512 million.
- March 10, 2025: El Salvador purchased 6 BTC in a single day, defying IMF calls to halt its Bitcoin strategy and boosting its reserves to 6,111 BTC.
These acquisitions come amid ongoing negotiations with the International Monetary Fund (IMF) for a $1.3 billion loan package. As part of the agreement, El Salvador has agreed to scale back some aspects of its Bitcoin adoption, including making Bitcoin acceptance voluntary rather than mandatory and reducing public sector involvement in Bitcoin activities.
This move comes despite the International Monetary Fund’s (IMF) approval of a 40-month, $1.4 billion program for the country, which included recommendations to limit public sector involvement in Bitcoin activities. While Bitcoin remains legal tender in El Salvador, its use is now optional, and businesses are no longer mandated to accept it.
Despite these concessions, President Nayib Bukele’s administration remains committed to integrating Bitcoin into the nation’s financial strategy, viewing these purchases as a long-term investment to strengthen El Salvador’s economic position.
The Salvadoran government has assured the IMF that recent Bitcoin purchases align with the agreed program, maintaining a balance between embracing cryptocurrency and adhering to international financial guidelines.
