- El salvador continues to purchase Bitcoin for its national reserves, despite an agreement with the IMF to stop using public funds for cryptocurrency buys.
- The country’s Bitcoin Office reports that the national total now stands at 6,173 BTC, valued at more than $637 million.
- President Nayib Bukele remains committed to the Bitcoin accumulation strategy, dismissing repeated IMF requests to halt these purchases.
El Salvador has continued to expand its Bitcoin holdings, even after agreeing to an International Monetary Fund (IMF) deal that restricts the use of public money for cryptocurrency investments. In the past week, the government acquired an additional seven Bitcoin, according to data from the El Salvador Bitcoin Office.
The total amount of Bitcoin held by the country has now reached 6,173 BTC, estimated to be worth over $637 million. The accumulation of these assets is ongoing, as confirmed by the Bitcoin Office, and shows no signs of stopping.
Industry sources say El Salvador is one of the only nations in the world making open-market purchases of Bitcoin as part of its financial strategy. This approach is expected to influence other countries that are considering adopting Bitcoin for their national reserves.
In December 2024, El Salvador agreed to a $1.4 billion loan with the IMF. Part of the agreement required the government to end its Bitcoin legal tender law—which had made Bitcoin an official currency—and to make payments in Bitcoin optional instead of mandatory. The deal also stated that public funds should not be used to buy more Bitcoin, and called for the privatization of the state-backed Chivo Wallet, which had seen limited use among the population.
In January 2025, lawmakers ended the legal tender status of Bitcoin. However, as the Bitcoin Office shows, this change has not slowed the country’s acquisition of the cryptocurrency. Despite further requests from the IMF to halt these purchases—such as the one issued in March 2025—President Nayib Bukele has pushed back. In a March 4 post on X, Bukele stated, “No, it’s not stopping. 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,” (source: Nayib Bukele on X).
In related news, El Salvador is partnering with NVIDIA to develop its own Artificial Intelligence infrastructure. According to industry executives, the nation’s continued focus on Bitcoin reserves could serve as a model for other countries reviewing similar strategies.
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