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A Strategic Approach to Bitcoin Accumulation
El Salvador has maintained its Bitcoin acquisition strategy, purchasing 7 BTC worth over $650,000 in the week leading up to April 27, 2025. These acquisitions are made through the country’s National Bitcoin Office, which operates independently from the central government.
IMF Agreement and Compliance
In December 2024, El Salvador secured a $1.4 billion loan from the International Monetary Fund (IMF), agreeing to halt Bitcoin accumulation by the overall fiscal sector. However, the IMF has acknowledged that purchases made by non-governmental entities, such as the National Bitcoin Office, do not violate the terms of the agreement.
Balancing Innovation and Financial Obligations
This approach allows El Salvador to continue its Bitcoin investments while adhering to international financial commitments. The country’s strategy highlights the ongoing tension between embracing financial innovation and meeting traditional economic obligations.
