365int
El Salvador just bought 7 more Bitcoin this week, pushing its national stash to 6,173 BTC—worth over \$637 million—despite being told not to.
The IMF deal El Salvador signed in December 2024 clearly said: stop spending public money on Bitcoin. The country agreed to make Bitcoin optional and to shut down its publicly funded Chivo Wallet.
But President Nayib Bukele isn’t backing down. He’s still buying. “No, it’s not stopping,” he said on March 4. “If it didn’t stop when the world ostracized us, it won’t stop now.”
Even after Congress repealed Bitcoin’s legal tender status in January 2025, Bukele’s strategy didn’t change. His government continues buying BTC weekly through the Bitcoin Office.
Crypto execs say El Salvador’s Bitcoin playbook could become a model for other countries.
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