El Salvador signed a $1.4 billion loan deal with the IMF in December 2024. As part of the agreement, the government pledged to revoke Bitcoin’s legal tender status and reduce public sector involvement with BTC. However, data shows the government is continuing its daily purchases.

Total Reserves Reach 6,105 Bitcoin

According to the El Salvador Bitcoin Office, the country’s Bitcoin treasury now holds 6,105 BTC, valued at more than $527 million at current prices. The country usually acquires 1 BTC per day but made a bulk purchase of 5 BTC on March 3.

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Bukele: “We Will Not Stop Buying”

On March 3, the IMF issued a new request pressuring El Salvador to stop accumulating Bitcoin and forbidding any issuance of debt or tokenized securities tied to BTC. Despite this, Nayib Bukele declared that the government will continue buying BTC, characterizing the IMF’s demands as “whining.”

Bukele stated:

“If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.”

El Salvador’s unapologetically pro-Bitcoin stance has led many major crypto firms to relocate to the country. On January 7, Bitfinex Derivatives announced it would move its headquarters from Seychelles to El Salvador. On January 13, stablecoin issuer Tether followed by announcing plans to relocate its headquarters to El Salvador.

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