El Salvador got 13 Bitcoin (Btc) Since March 1, despite the pressure of the International Monetary Fund (IMF) in the country’s public sector to stop accumulating the decentralized store of the value of the owner.
According to El Salvador Bitcoin’s office, the country’s Bitcoin treasury holds more than 6,105 BTCs, worth more than $ 527 million in current prices.
The country in the central American usually gets BTC at a steady speed of 1 coin every 24 hours. However, on March 3, El Salvador bought 5 BTC on a single day.
El Salvador struck a deal with the IMF In December 2024 for a $ 1.4 billion loan from the organization. As part of that deal, the El Salvador government agreed to restore BTC’s status as a legal softness in the country and counting involvement in the public sector in Bitcoin.
El Salvador Bitcoin Holdings. Source: El Salvador Bitcoin’s office
Related: How can Buklele still get Bitcoin after the IMF Loan Agreement?
El Salvador is constantly stacked despite IMF pressure
The Congress of El Salvador amended its bitcoin laws In January 2025 to comply with the IMF loan agreement. Lawmakers removed the previous version of the law with a 55-2 vote.
Despite the abolition -the government continues to be stacked with Bitcoin, Buying two BTC on a single day In Feb. 1 and the continuation of the sun -accumulation of digital currency.
On March 3, the IMF issued a new request Pressing El Salvador to stop BTC’s accumulation And it was set that the country could not issue a debt or tokenized securities tied to Bitcoin.
President Nayib Buklele responded to the IMF pressure and said that El Salvador will continue to buy BTC – Characterizing IMF’s ongoing pressure as “whining.”
Source: Nayib Buklele
“If it doesn’t stop when the world is ostracizing us and most ‘Bitcoiners’ left us, it won’t stop now, and it won’t stop in the future,” Buklele said.
The government of El Salvador’s Unapologetic Pro-Bitcoin Stance has caused many major crypto companies to announce that they have moved to the country in Central America.
On January 7, the Bitfinex Derivatives announced that it was Relocating from Seychelles to El Salvador. Stablecoin Issuer Tether followed the suit on January 13 by announcing it Its moving headquarters to El Salvador.
Magazine: El Salvador’s national leader became orange-selected Argentina
