El Salvador Buys Bitcoin (BTC) Again, Regardless of IMF Pressure!

Jakarta, Pintu News – The government of El Salvador continues to increase its Bitcoin BTC1.04%->Current BTC PriceRp 1.364.355.9481.04%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 holdings despite pressure from the International Monetary Fund (IMF). Since March 1, 2025, the country has purchased 13 BTC, including 5 BTC in one day on March 3.

This move goes against a $1.4 billion loan deal from the IMF that requires El Salvador to reduce its involvement in Bitcoin.

However, President Nayib Bukele insists that his country will not stop buying crypto, even calling the IMF’s pressure a form of “baseless complaints.”

Check out the full news here!

El Salvador continues to collect Bitcoin (BTC) despite IMF pressure

Since establishing Bitcoin (BTC) as an official currency in 2021, El Salvador has been actively buying digital assets. The country’s Bitcoin reserves have reached 6,105 BTC, worth more than 8.6 trillion IDR ($527 million).

Although the IMF has asked El Salvador to stop accumulating BTC, the government has remained consistent in its policy. The country generally buys 1 BTC daily, but on March 3, 2025, El Salvador suddenly bought 5 BTC in one day, showing they are not affected by external pressure.

Read also: 4 Crucial Events that Moved the Bitcoin (BTC) Market

IMF Deal: El Salvador Asked to Reduce Involvement in Bitcoin

In December 2024, El Salvador signed an agreement with the IMF for a loan of 22.9 trillion IDR ($1.4 billion). One of the agreement conditions was to revoke Bitcoin’s status as legal tender and reduce public sector involvement with crypto assets.

As a follow-up, in January 2025, El Salvador’s Congress amended Bitcoin-related regulations. In a 55-2 vote, the law’s previous version was repealed in favor of the IMF. However, this change did not stop the government from continuing to buy Bitcoin, which is against the spirit of the agreement.

Read also: Not DOGE, These 2 Altcoins Are in the Spotlight in 2025!

Bukele doesn’t care! El Salvador keeps buying BTC

The IMF increased its pressure again on March 3, 2025, asking El Salvador to stop all BTC purchases and prohibiting the issuance of debt or securities linked to Bitcoin.

In response, President Nayib Bukele firmly stated that his country will not stop buying Bitcoin. He even swiped at the IMF, saying that pressure from the organization is just “empty complaints” that won’t change El Salvador’s policies.

Bukele emphasized that even when the world ostracized El Salvador and most of the Bitcoin community had doubts, the country continued with its vision. With this statement, El Salvador has further demonstrated its pro-Bitcoin stance and asserted its independence in financial policy.

Conclusion

Despite heavy pressure from the IMF, El Salvador has remained steadfast in its pro-Bitcoin policy. By continuing to purchase BTC regularly, the country is further demonstrating that it believes in the future of cryptocurrency as a powerful financial asset.

This decision has also attracted many crypto companies to operate in El Salvador, making the country a global Bitcoin innovation hub. In the long run, will this bold move benefit or risk the country’s economy?

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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.

Reference:

• Cointelegraph. El Salvador acquired over 13 BTC since March 1, despite IMF dea. Accessed March 10, 2025.
• Featured Image: Bitcoin News