El Salvador continues to buy Bitcoin despite IMF discouragement, holding 6,209 BTC total

From Cointelegraph

June 16, 2025 08:43:00 AM:

El Salvador, the first country to adopt Bitcoin as legal tender, continues buying the cryptocurrency despite a $1.4 billion IMF loan agreement that discourages accumulation. The government holds 6,209 BTC, acquiring 240 BTC since the IMF deal in December. President Bukele’s strategy of one BTC purchase per day continues.

IMF director Rodrigo Valdes confirms El Salvador’s technical compliance with the non-accumulation commitment. The IMF deal’s “flexible” interpretation allows for continued acquisitions through non-public sector entities or reclassified assets. This approach helps the country maintain its Bitcoin-friendly image while securing critical IMF funding.

Crypto remittance payments to El Salvador dropped by 44.5% in the first quarter of 2025. Transfers to Salvadoran wallets totaled $16 million, down from $28.3 million in the same period last year. Cryptocurrency payments accounted for 0.52% of total remittances, a significant decline from the previous year’s 1.08%.

Read more at Cointelegraph: El Salvador Buys 240 Bitcoin despite IMF Non-Accumulation Agreement