{"id":151619,"date":"2025-02-23T16:00:00","date_gmt":"2025-02-23T14:00:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151619"},"modified":"2025-02-23T13:31:07","modified_gmt":"2025-02-23T11:31:07","slug":"el-salvador-pauses-daily-bitcoin-purchases-amid-imf-loan-agreement","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/el-salvador-pauses-daily-bitcoin-purchases-amid-imf-loan-agreement\/","title":{"rendered":"El Salvador Pauses Daily Bitcoin Purchases Amid IMF Loan Agreement"},"content":{"rendered":"

This pause<\/a> <\/strong>follows the nation’s recent agreement with the International Monetary Fund (IMF) for a $1.4 billion loan.<\/p>\n

Currently, El Salvador holds over 6,000 BTC<\/a><\/strong>, worth roughly $586 million at the current market rate. President Nayib Bukele initiated a daily Bitcoin<\/a> <\/strong>purchasing plan in November 2022, acquiring one Bitcoin per day. In March 2024, Bukele transferred around 5,600 BTC, valued over $400 million at the time, into a cold storage wallet, calling it the country\u2019s \u201cfirst Bitcoin piggy bank.\u201d This was the first time the country publicly shared its Bitcoin wallet address.<\/p>\n

The IMF deal, spanning 40 months under the Extended Fund Facility, came after extensive negotiations and mandates that El Salvador adjust its Bitcoin policies. This arrangement aims to unlock additional financial support, possibly surpassing $3.5 billion during the program period.<\/p>\n