El Salvador Dedicated to Shopping for Bitcoin Regardless of IMF Deal, Minister Says

El Salvador is quietly defying the IMF, accelerating every day bitcoin buys and reinforcing its daring crypto technique on the worldwide stage.

El Salvador Retains Shopping for Bitcoin Each day Regardless of IMF Mortgage Situations

El Salvador’s dedication to bitcoin stays steadfast regardless of pledges made to the Worldwide Financial Fund (IMF) to curb crypto purchases. Talking throughout an interview with Bloomberg Information on the Net Summit in Rio de Janeiro on Tuesday, Economic system Minister Maria Luisa Hayem affirmed that the nation continues to be buying the digital asset. Hayem said when requested immediately whether or not the administration was sustaining its bitcoin acquisition coverage:

There’s a dedication of President Bukele to maintain accumulating property as a solution to do exactly that.

In accordance with Arkham Intelligence, the Salvadoran authorities presently holds 6.162K BTC valued at over $583 million as of this writing and has been accumulating at a tempo of 1 BTC per day.

Arkham’s information on El Salvador’s bitcoin stash. Supply: Arkham Intelligence.

In late 2024, the Central American nation secured a $1.4 billion mortgage from the IMF, which required it to tighten fiscal insurance policies and cut back its bitcoin-related actions. President Nayib Bukele’s choice to undertake bitcoin as authorized tender in 2021 had alienated many institutional collectors and triggered credit standing downgrades. As a part of the mortgage settlement, El Salvador additionally agreed to make bitcoin acceptance non-obligatory for companies—an effort to reassure international monetary markets.

Nevertheless, authorities actions counsel that crypto stays central to Bukele’s technique. Hayem emphasised: “Bitcoin retains being an essential undertaking. There’s an asset accumulation that we’re seeing from the federal government perspective, from the personal sector perspective.” El Salvador’s compliance with the IMF’s bitcoin non-purchasing clause has been beneath renewed scrutiny after the Fund reiterated throughout its 2025 spring conferences that the nation continues to honor its dedication. Rodrigo Valdes, the IMF’s Western Hemisphere Director, confirmed there’s been no new bitcoin accumulation, a key situation of the $1.4 billion credit score deal.