El Salvador Adds 1 BTC to State Reserves Amid Deal with IMF!

Updated

March 5, 2025

Gambar El Salvador Adds 1 BTC to State Reserves Amid Deal with IMF!

Jakarta, Pintu News—Under the leadership of President Nayib Bukele, El Salvador continues to expand its Bitcoin reserves despite warnings from the International Monetary Fund (IMF). The country recently added another 1 BTC to its reserves, which now total 6,101.18 BTC with an estimated value of $527 million.

This move confirms Bukele’s commitment to the Bitcoin strategy, despite having to adjust policies in line with IMF demands. This latest purchase is part of the “1 BTC per day” daily accumulation strategy aimed at economic diversification and as a protection against the conventional financial system.

Despite facing significant market fluctuations recently, the government of El Salvador remains optimistic about the future of Bitcoin (BTC).

Check out the full news below!

El Salvador’s Bitcoin Policy Adjustments within the Framework of an Agreement with the IMF

EL SALVADOR IS STILL BUYING BITCOIN

El Salvador is still buying 1 BTC every day. But today, they bought 5.

The DCA strategy. pic.twitter.com/z4ISz2AZUt
— Arkham (@arkham) March 4, 2025

El Salvador has modified its Bitcoin legislation as part of a $1.4 billion loan deal with the IMF. The use of cryptocurrencies is now optional, no longer mandatory.

These changes were made to meet IMF requirements and maintain the fiscal stability expected by international lending institutions.

Despite the policy change, El Salvador continues to add to its Bitcoin reserves as a key element of its long-term economic strategy.

As of March 4, the country has added 46 BTC to their reserves in the last 30 days, worth about $3.97 million, showing their confidence in Bitcoin as a store of value and an engine of economic growth.

Bitcoin City Project and Broader Tech Strategy

The Bitcoin City project, which has received international attention in 2023, aims to become the center of cryptocurrency innovation.

The government continues implementing policies that support Bitcoin, while the Bukele administration also focuses on technological and economic development to make El Salvador an innovation hub in Latin America.

Despite pressure from the IMF, the government of El Salvador seems determined to continue purchasing Bitcoin while seeking economic growth through new technology investments.

This shows a bold and strategic approach facing global economic challenges and international pressures.

Conclusion

El Salvador showed resilience in their Bitcoin strategy despite challenges from the IMF.

By continuously increasing Bitcoin reserves and developing innovative projects such as Bitcoin City, El Salvador seeks to solidify its position on the global stage as a leader in cryptocurrency adoption.

This move is about economic growth and creating self-reliance in the face of changing global financial norms.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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