El Salvador has restarted its Bitcoin acquisition strategy, buying 7 BTC worth $661,000 amidst an agreement with the International Monetary Fund (IMF).
El Salvador’s Growing Bitcoin Reserves
The Central American nation now holds 6,088 BTC valued at approximately $558 million. Since November 2022, El Salvador has consistently purchased one Bitcoin daily as part of its accumulation strategy. However, these purchases were temporarily halted on February 18, 2025, following the IMF agreement.
IMF Deal and Bitcoin Policy Adjustments
El Salvador recently secured a 40-month Extended Fund Facility (EFF) agreement with the IMF, which could bring over $3.5 billion in financial support. As part of the deal, the government made key amendments to its Bitcoin policies, including making Bitcoin acceptance voluntary for businesses. Despite speculation that the IMF agreement might end or restrict El Salvador’s Bitcoin strategy, the latest purchase signals continued confidence in BTC as a long-term asset.
Bitcoin Acquisition During Market Dip
El Salvador’s purchase came at a time when Bitcoin’s price dropped below $95,000, triggered by President Trump’s tariff announcement. The price decline led to over $950 million in leveraged liquidations across crypto trading platforms. At the time of writing, Bitcoin trades around $92,000, reflecting a 4% drop in the last 24 hours, according to CoinGecko.
El Salvador has previously made large one-time Bitcoin purchases, including a $1 million BTC buy in December 2024 and another 11 BTC purchase worth over $1 million on February 4, 2025. The latest acquisition suggests that despite external financial pressures, El Salvador remains committed to Bitcoin adoption as a national strategy.
