El Salvador Accelerates Bitcoin Purchases Despite IMF Agreement

El Salvador has continued adding to its Bitcoin holdings, recently purchasing two more BTC on February 1.

The country, which typically buys one Bitcoin per day as part of its long-term accumulation strategy, has been accelerating its purchases in recent weeks.

Government data shows that El Salvador now holds 6,055 BTC, worth over $612 million, with more than 50 BTC acquired in the past month alone. Despite striking a $1.4 billion agreement with the International Monetary Fund (IMF), which required changes to its Bitcoin policies, the country remains committed to expanding its Bitcoin reserve. As part of the deal, El Salvador made Bitcoin payments optional, reduced government involvement in the crypto sector, and privatized the Chivo wallet.

One day after finalizing the IMF agreement, the government acquired 11 BTC, worth over $1 million. The pace of accumulation has since picked up, with an additional 12 BTC purchased on January 19. Officials from El Salvador’s National Bitcoin Office have indicated that Bitcoin purchases may ramp up even further in 2025.

READ MORE:

Bitcoin Bull Market Could Have More to Offer, Glassnode Suggests

The country’s approach to Bitcoin has caught the attention of major players in the financial sector. A report from Fidelity Digital Assets, titled 2025 Look Ahead, highlighted El Salvador’s Bitcoin strategy as a potential catalyst for broader adoption among nation-states. Analysts at Fidelity argue that as Bitcoin’s role in the global economy expands, larger countries may feel pressure to follow El Salvador’s lead, fearing the consequences of missing out on Bitcoin ownership.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.