El Salvador continues to increase its Bitcoin reserves despite heightened pressure from the International Monetary Fund.
Commitment to Strategy
On March 10, the National Bitcoin Office announced via X that the government of El Salvador acquired 6 BTC, including its regular 1 BTC daily buy and an additional 5 BTC. The country now holds 6,111.18 BTC, valued at approximately $493 million at current market prices.
IMF Pressure
The IMF continues to exert pressure on El Salvador to halt its BTC strategy. On March 3, the organization filed a new request for an extended arrangement that prohibited voluntary BTC accumulation by the public sector.
President's Response
President Nayib Bukele responded to the pressure by stating that the country would not cease its purchases. ‘No, it’s not stopping. If it didn’t stop when the world ostracized us, it won’t stop now or in the future,’ declared Bukele.
El Salvador remains committed to its strategy of increasing Bitcoin reserves despite mounting pressure from international organizations.
