Despite the “no more Bitcoin purchases” agreement it made with the International Monetary Fund (IMF) in December 2024, El Salvador has continued to purchase BTC daily, purchasing 240 new Bitcoins since then. The total amount of Bitcoin in the country’s treasury has thus reached 6,209.
El Salvador, the first country in the world to recognize Bitcoin as legal tender, reached a $1.4 billion loan agreement with the IMF in December 2024. The agreement stipulated that Bitcoin would be stripped of its official currency status and that the government would halt Bitcoin purchases.
However, President Nayib Bukele’s strategy of “buying one Bitcoin a day”, which he launched in 2022, continues. According to the El Salvador Bitcoin Office, a total of 240 more Bitcoins have been purchased since December 19, 2024 (following the IMF agreement). These purchases, calculated at approximately $106,658 each, amount to more than $25 million.
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Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, stated at a press conference on April 26, 2025, that the country was still technically in compliance with the agreement: “El Salvador remains committed to not increasing its Bitcoin holdings within the financial sector.”
Blockchain consultant Anndy Lian attributed this to the IMF’s flexible interpretation: “The IMF’s flexible interpretation of the agreement may allow these purchases to be made through non-governmental entities or reclassified assets, thus technically achieving compliance.”
*This is not investment advice.
Continue Reading: Following El Salvador’s Pledge Not to Purchase Bitcoin from the IMF, the Amount of BTC It Has Purchased Has Been Revealed
