{"id":155583,"date":"2025-04-28T10:30:47","date_gmt":"2025-04-28T07:30:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155583"},"modified":"2025-04-28T04:23:59","modified_gmt":"2025-04-28T01:23:59","slug":"el-salvador-defies-expectations-continues-bitcoin-accumulation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/el-salvador-defies-expectations-continues-bitcoin-accumulation\/","title":{"rendered":"El Salvador Defies Expectations, Continues Bitcoin Accumulation"},"content":{"rendered":"

At an April 26 press briefing<\/a><\/strong>, Rodrigo Valdes, head of the IMF\u2019s Western Hemisphere Department, assured reporters that El Salvador was complying with its non-accumulation pledge. Valdes also praised the country\u2019s broader progress in fiscal reforms, transparency, and governance \u2014 reforms critical to securing a $1.4 billion loan deal signed in December 2024.<\/p>\n

Key requirements tied to the agreement included scaling back Bitcoin initiatives, ending BTC-based tax payments, and modifying the national Chivo wallet project. The IMF emphasized that the program\u2019s primary focus was broader economic stability, not Bitcoin.<\/p>\n

However, on-chain data suggests that El Salvador has quietly continued to expand its Bitcoin holdings. According to the country\u2019s National Bitcoin Office, El Salvador acquired 8 BTC over the past week and 31 BTC throughout the past month, bringing its total reserves to 6,159 BTC \u2014 worth over $580 million today. These purchases show a staggering near-100% profit compared to the country\u2019s original investment.<\/p>\n