El Salvador has acquired more than 13 BTC since March 1, despite the International Monetary Fund deal
El Salvador has acquired 13 Bitcoin (BTC) since March 1, despite the pressure of the International Monetary Fund (IMF) on the country’s public sector to stop collecting the decentralized store of valuable assets.
According to Al Salvador Bitcoin, the country’s Treasury Department has a total of more than 6,105 BTC, at a value of more than $ 527 million at current prices.
The Central American country usually gets a fixed pace of one currency every 24 hours. However, on March 3, Al Salvador bought 5 BTC in one day.
El Salvador made a deal with the International Monetary Fund in December 2024 for a loan of $ 1.4 billion from the organization. As part of this deal, the El Salvador government agreed to cancel the BTC status as a legal tendency in the country and expand the scope of public sector participation with Bitcoin.
Salvador Bitcoin holdings. source: El Salvador Bitcoin Office
Related to: How can Bukele still stack Bitcoin after the International Monetary Fund loan agreement?
El Salvador continues to stack despite the pressure of the International Monetary Fund
Al Salvador amended Bitcoin laws in January 2025 to comply with the International Monetary Fund loan agreement. The legislators canceled the previous version of the law in a vote 55-2.
Despite the cancellation, the government continued to accurate Bitcoin, buy two BTC in one day on February 1 and continue its daily accumulation of the digital currency.
On March 3, the International Monetary Fund issued a new request to pressure El Salvador to stop the BTC accumulation and create that the country cannot issue debts or symbolic securities associated with bitcoin.
President Nayb responded to the pressure of the International Monetary Fund and said that El Salvador will continue to purchase BTC – describing the pressure of the International Monetary Fund as “moan.”
source: Nayb Bokil
“If this does not stop when the world rejects us, and abandoned it from” Bitcoiners “, it will not stop now, and it will not stop in the future.
The position of Al -Salvador government in support of Bitcoin in El Salvador caused many major encryption companies that they are traveling to the Central American country.
On January 7, bitfinex derivatives announced that they move from Seychelles to El Salvador. Tether Stablecoin followed her example on January 13 by announcing that she was transporting her headquarters to El Salvador.
magazine: The head of the National Bitcoin in El Salvador was Argentina, an orange,
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