Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
May 11, 2025 at 02:20
IMF's Warning Ignored: El Salvador's Bitcoin Accumulation Ups Surges
El Salvador's government has continued to acquire Bitcoin, adding seven BTC to its reserves over the past week.
This growth occurs despite an existing agreement with the International Monetary Fund (IMF) that requires the country to limit its Bitcoin purchases.
With this latest addition, El Salvador’s total Bitcoin holdings now stand at 6,173 BTC, worth over $637 million.
The ongoing acquisitions reflect a commitment to a national strategy that emphasizes Bitcoin as a significant asset.
In December 2024, El Salvador signed a $1.4 billion loan agreement with the IMF that included stipulations to eliminate the use of public funds for Bitcoin purchases.
However, President Nayib Bukele has publicly stated his refusal to comply with the IMF's requests to halt these transactions.
Despite repealing the Bitcoin legal tender law in January 2025, the country’s Bitcoin purchases have persisted uninterrupted.
Crypto experts suggest that El Salvador's approach may serve as a blueprint for other nations exploring similar strategies in Bitcoin accumulation.
The ongoing tension between El Salvador and the IMF raises questions about the future of cryptocurrency in national economic policies.
As El Salvador forges ahead with its Bitcoin strategy, the world watches closely to see how this bold move will influence the global crypto landscape.
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