The government of Al Salvador continues to stack bitcoin (BTC) for its National Crypto Reserve, despite the ongoing deal with the International Monetary Fund (IMF), the Central American country stopped using public funds to buy bitcoins as one of the conditions for a loan agreement.
As data From the Al Salvador Bitcoin office, the country acquired an additional seven BTC in the last seven days, making its total stake 6,173 BTC, priced more than $ 637 million.
The Bitcoin Office of L Salavador has continued its stable speed of bitcoin acquisitions and shows no signal to prevent its bitcoin purchase.
According to the Crypto industry officials, the Central American countries are one of the only countries to actively buy bitcoins that actively buy bitcoins in open market operations, and its national bitcoin treasury strategy will also consider bitcoin strategic stores for other countries.
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Al Salvador IMF remains against pressure
Al Salvador signed a $ 1.4 billion loan agreement with IMF in December 2024. As part of that agreement, the country’s government agreed to cancel its bitcoin legal tender law and to make bitcoin payment voluntary.
The agreement also states that Al Salvador must refund its bitcoin accumulation, using public funds should avoid bitcoin shopping.
Additionally, the deal required that the government should privatize the Chivo Wallet, which was publicly funded, but very little use was seen among the residents.
In January 2025, MPs in the Central American country canceled the Bitcoin legal tender law in 55–2 Congress vote, although it did nothing to prevent or slow down bitcoin acquisition.
https://www.youtube.com/watch?v=6te6j20- XEY
The IMF issued another request to the country in March 2025 to prevent bitcoin beauz, which repeats the original terms of the agreement. However, Al Salvador President Naib Bukle pushed back against the requests.
Bukele insisted that the country would not stop the purchase of its bitcoin or will not slow down its accumulation of BTC in front of the increasing pressure from the supernational financial institution.
Bukele wrote in March 4 in March 4, “No, it is not stopping. If it does not stop when the world provoked us and the most ‘bitcoiners’ left us, it will not stop now, and it would not stop in the future,” Bukele wrote in March 4 on March 4. Post,
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