YEREVAN (CoinChapter.com) — El Salvador has added 13 BTC since March 1, increasing its Bitcoin holdings to more than 6,105 BTC. The El Salvador Bitcoin Office confirmed that the total value of these holdings exceeds $527 million at current prices.
The country follows a daily Bitcoin purchase strategy, acquiring 1 BTC per day. However, on March 3, El Salvador purchased 5 BTC in a single transaction, marking a rare deviation from its usual pace.
El Salvador’s IMF Agreement and Bitcoin Policy Changes
In December 2024, El Salvador signed a $1.4 billion loan agreement with the International Monetary Fund (IMF). As part of the deal, the government agreed to repeal Bitcoin’s legal tender status and limit public sector involvement with the cryptocurrency.
To comply with the agreement, El Salvador’s Congress voted 55-2 in January 2025 to amend its Bitcoin laws. Despite this, the government has continued to buy Bitcoin daily. On February 1, El Salvador purchased two BTC in a single day, maintaining its Bitcoin accumulation strategy.
IMF Pushes El Salvador to Halt Bitcoin Purchases
On March 3, the IMF issued a formal request, urging El Salvador to stop accumulating Bitcoin and to avoid issuing debt or tokenized securities tied to the cryptocurrency.
President Nayib Bukele responded directly, rejecting the pressure.
“If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future,”
Bukele stated.
Bitcoin Adoption Attracts Crypto Firms to El Salvador
El Salvador’s Bitcoin policies have led several crypto firms to relocate to the country.
On Jan. 7, Bitfinex Derivatives announced its move from Seychelles to El Salvador. On Ja. 13, Tether, the issuer of USDT, confirmed plans to relocate its headquarters to the country.
El Salvador’s Bitcoin accumulation strategy remains unchanged, despite external pressure.
