Bitcoin Still on El Salvador’s Agenda Despite $1.4B IMF Agreement
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El Salvador is still buying Bitcoin in spite of a $1.4 billion International Monetary Fund package that was meant to curb further government accumulation.
According to the country’s Bitcoin Office, the treasury wallet now holds 6,209 BTC—about 240 coins more than when the IMF deal was announced in December 2024.
That loan agreement required President Nayib Bukele’s administration to halt public Bitcoin purchases and revoke the cryptocurrency’s legal-tender status. Yet Bukele’s “one-BTC-per-day” program, launched back in 2022, has quietly carried on.
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IMF officials insist El Salvador is still within the letter of the deal. Rodrigo Valdes, who heads the Fund’s Western Hemisphere department, told reporters the nation remains in “technical compliance” because the purchases aren’t being booked directly by the fiscal sector.
Analysts say that wiggle room likely owes to how the assets are classified or which government entities actually execute the trades. That flexibility lets Bukele keep burnishing his pro-Bitcoin credentials while still tapping much-needed IMF liquidity.
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