- El Salvador acquired 5 more Bitcoin on March 10, 2025.
- The country’s Bitcoin treasure now has more than 6,111 BTC.
- El Salvador recently agreed to stop his purchases from Bitcoin to ensure a loan of $ 1.4 billion of the IMF.
On March 10, 2025, El Salvador added 5 bitcoins to its strategic reserve, which takes the total to 6,111 BTC. This movement occurs in the midst of the IMF pressure where the Savior agreed to rescind the state of Bitcoin as a legal tender in the country and reduce its purchases of Bitcoin.
El Salvador has been in the headlines by continuing to increase its Bitcoin reserves despite the pressures of the International Monetary Fund (IMF) to reduce its cryptocurrency initiatives.
El Salvador increases Bitcoin reserve challenging the IMF agreement
In December 2024, El Salvador insured A loan of $ 1.4 billion of the IMF. The agreement was ended on February 26, 2025, after accepting modifying its Bitcoin policies. The agreement required that the Nation made Bitcoin acceptance voluntary for private companies, restrict the participation of the public sector in Bitcoin related activities and ensure that taxes are paid only in US dollars.
The IMF also stipulated that the government should not accumulate additional bitcoin at the public sector level, a condition destined to mitigate the perceived financial risks. In addition, the government is expected to eliminate its goat wallet, a digital wallet backed by the State launched in 2021 to promote the use of bitcoins and improve transparency and regulation of digital assets.
Despite these concessions, El Salvador has continued to reinforce its Bitcoin holdings. He Bitcoin National Office Recently, purchases such as 11 Bitcoin reported on January 19, 2025, for more than $ 1 million, followed by another Bitcoin the next day, which raises its total reserve to 6,044 BTC, valued at more than $ 617 million at that time.
More recently, between the end of February and the beginning of March 2025, the country added at least 12 Bitcoin more, pushing its holdings above 6,102 coins, for an approximate value of $ 550 million. These purchases seem to align with the vision of President Nayib Bukele to maintain Bitcoin as a strategic reserve, a policy that has defended since El Salvador became the first nation to adopt it as a legal tender in September 2021.
What is not doing anything?
The IMF has acknowledged that the recent acquisitions of Bitcoin of El Salvador are “consistent with the conditionality of the agreed program”, which suggests some flexibility in how restrictions are interpreted.
This could imply that the government is administering its reserves through mechanisms not considered “accumulation” under the terms of the IMF, such as reclassing existing assets or using non -public sector entities. However, the IMF position remains firm: by December 2025, El Salvador must completely comply with the arrest of public sector purchases and mining, liquidate its Fidebitcoin fiduciary fund and provide audited financial statements for goat.
The persistence of El Salvador in the expansion of its Bitcoin reserve, now valued in significant profits, with estimates of $ 179 million as of January 2025, makes a broader strategy.
Bukele has emphasized that these holdings are a long -term investment, not intended for short -term spending, and has indicated benefits such as increasing tourism and international attention.
Bitcoin’s price increase, reaching a maximum of $ 109,000 in January 2025, has reinforced this approach, aligning with the global tendencies of cryptocurrency enthusiasm, partly promoted by the Donald Trump’s pro-crystopto rhetoric of the United States.
However, domestic adoption is still a challenge. Surveys, like January 1, 2025 by Central American University, indicate that 92% of Salvadorans did not use Bitcoin in 2024, which suggests that the impact of politics is more symbolic and strategic than practical for daily transactions. Critics argue that the FMF agreement is reinforced in the cryptographic ambitions of El Salvador, while supporters see it as a pragmatic commitment that preserves Bitcoin’s legal bidding status while unlocking up to $ 3.5 billion in multilateral funds.
Read also: America establishes a strategic Bitcoins reserve
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