{"id":38116,"date":"2025-03-09T16:00:00","date_gmt":"2025-03-09T13:00:00","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38116"},"modified":"2025-03-09T14:24:09","modified_gmt":"2025-03-09T11:24:09","slug":"el-salvador-bought-extra-bitcoin-despite-imf-agreement","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/el-salvador-bought-extra-bitcoin-despite-imf-agreement\/","title":{"rendered":"El Salvador Bought Extra Bitcoin Despite IMF Agreement!"},"content":{"rendered":"<p data-start=\"162\" data-end=\"362\">President <strong data-start=\"172\" data-end=\"188\">Nayib Bukele<\/strong> shows no sign of abandoning his <strong data-start=\"221\" data-end=\"232\">Bitcoin<\/strong> strategy despite pressure from the International Monetary Fund (<strong data-start=\"297\" data-end=\"304\">IMF<\/strong>). El Salvador has acquired over 13 <strong data-start=\"340\" data-end=\"347\">BTC<\/strong> since March 1.<\/p>\n<p data-start=\"415\" data-end=\"707\">El Salvador signed a $1.4 billion loan deal with the <strong data-start=\"468\" data-end=\"475\">IMF<\/strong> in December 2024. As part of the agreement, the government pledged to revoke <strong data-start=\"553\" data-end=\"564\">Bitcoin<\/strong>\u2019s legal tender status and reduce public sector involvement with <strong data-start=\"629\" data-end=\"636\">BTC<\/strong>. However, data shows the government is continuing its daily purchases.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/el-salvador-bought-extra-bitcoin-despite-imf-agreement\/#Total_Reserves_Reach_6105_Bitcoin\" title=\"Total Reserves Reach 6,105 Bitcoin\">Total Reserves Reach 6,105 Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/el-salvador-bought-extra-bitcoin-despite-imf-agreement\/#Bukele_%E2%80%9CWe_Will_Not_Stop_Buying%E2%80%9D\" title=\"Bukele: &#8220;We Will Not Stop Buying&#8221;\">Bukele: &#8220;We Will Not Stop Buying&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"709\" data-end=\"751\"><span class=\"ez-toc-section\" id=\"Total_Reserves_Reach_6105_Bitcoin\"><\/span>Total Reserves Reach 6,105 Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"752\" data-end=\"1005\">According to the El Salvador Bitcoin Office, the country\u2019s <strong data-start=\"811\" data-end=\"822\">Bitcoin<\/strong> treasury now holds 6,105 <strong data-start=\"848\" data-end=\"855\">BTC<\/strong>, valued at more than $527 million at current prices. The country usually acquires 1 <strong data-start=\"940\" data-end=\"947\">BTC<\/strong> per day but made a bulk purchase of 5 <strong data-start=\"986\" data-end=\"993\">BTC<\/strong> on March 3.<\/p>\n<hr \/>\n<p data-start=\"1007\" data-end=\"1048\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<h2 data-start=\"1007\" data-end=\"1048\"><span class=\"ez-toc-section\" id=\"Bukele_%E2%80%9CWe_Will_Not_Stop_Buying%E2%80%9D\"><\/span>Bukele: &#8220;We Will Not Stop Buying&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1049\" data-end=\"1367\">On March 3, the <strong data-start=\"1065\" data-end=\"1072\">IMF<\/strong> issued a new request pressuring El Salvador to stop accumulating <strong data-start=\"1138\" data-end=\"1149\">Bitcoin<\/strong> and forbidding any issuance of debt or tokenized securities tied to <strong data-start=\"1218\" data-end=\"1225\">BTC<\/strong>. Despite this, <strong data-start=\"1241\" data-end=\"1257\">Nayib Bukele<\/strong> declared that the government will continue buying <strong data-start=\"1308\" data-end=\"1315\">BTC<\/strong>, characterizing the <strong data-start=\"1336\" data-end=\"1343\">IMF<\/strong>\u2019s demands as \u201cwhining.\u201d<\/p>\n<p data-start=\"1369\" data-end=\"1385\">Bukele stated:<\/p>\n<p data-start=\"1369\" data-end=\"1385\"><em><span style=\"font-size: 14.4px;\">\u201cIf it didn\u2019t stop when the world ostracized us and most &#8216;bitcoiners&#8217; abandoned us, it won\u2019t stop now, and it won\u2019t stop in the future.\u201d<\/span><\/em><\/p>\n<p data-start=\"1369\" data-end=\"1385\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-03\/019577a0-7062-7bc8-ab96-a26fb72cb16f\" alt=\"IMF, Bitcoin Regulation, El Salvador\" \/><\/p>\n<p data-start=\"1579\" data-end=\"1922\">El Salvador\u2019s unapologetically pro-<strong data-start=\"1614\" data-end=\"1625\">Bitcoin<\/strong> stance has led many major crypto firms to relocate to the country. On January 7, <strong data-start=\"1707\" data-end=\"1731\">Bitfinex Derivatives<\/strong> announced it would move its headquarters from Seychelles to El Salvador. On January 13, stablecoin issuer <strong data-start=\"1838\" data-end=\"1848\">Tether<\/strong> followed by announcing plans to relocate its headquarters to El Salvador.<\/p>\n<hr \/>\n<p data-start=\"1579\" data-end=\"1922\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Nayib Bukele shows no sign of abandoning his Bitcoin strategy despite pressure from the International Monetary Fund (IMF). El Salvador has acquired over 13 BTC since March 1. 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\u2019s legal<\/p>\n","protected":false},"author":28,"featured_media":37874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[61,12566,10291,6809,9389,1844,842,2797,9160,847,1828,12565,12567,4135,488,118],"class_list":["post-38116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bitcoin","tag-bitcoin-law","tag-bitcoin-purchases","tag-bitcoin-reserves","tag-bitcoin-strategy","tag-bitfinex","tag-btc-price","tag-crypto-companies","tag-crypto-investments","tag-crypto-news","tag-el-salvador","tag-imf-deal","tag-imf-pressure","tag-nayib-bukele","tag-stablecoin","tag-tether"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>El Salvador Bought Extra Bitcoin Despite IMF Agreement! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/el-salvador-bought-extra-bitcoin-despite-imf-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Salvador Bought Extra Bitcoin Despite IMF Agreement! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"President Nayib Bukele shows no sign of abandoning his Bitcoin strategy despite pressure from the International Monetary Fund (IMF). 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