El Salvador continues expanding its national Bitcoin reserves with the acquisition of 240 additional BTC since December 2023, maintaining a consistent daily accumulation rate of one Bitcoin. The country’s total holdings now stand at 6,209 BTC.
This ongoing accumulation strategy persists despite a $1.4 billion International Monetary Fund loan agreement that explicitly discourages public-sector cryptocurrency purchases. The IMF has acknowledged El Salvador’s technical compliance with the agreement terms, which restrict Bitcoin acquisitions by the formal fiscal sector.
Economy Minister Maria Luisa Hayem emphasized Bitcoin’s strategic importance to El Salvador’s economic framework, highlighting participation from both government institutions and private entities in the accumulation process. The government appears to utilize alternative administrative structures outside the formal fiscal sector to continue Bitcoin acquisitions without violating IMF terms.
This approach demonstrates El Salvador’s balancing of international financial obligations with its domestic cryptocurrency policy, reinforcing its long-term commitment to establishing Bitcoin as a national economic asset.