El Salvador Adds 7 Bitcoins (BTC) to Its National Holdings

The country continues to buy Bitcoin even after signing a $1.4 billion agreement with the International Monetary Fund (IMF)

El Salvador added seven Bitcoin (BTC) to its national holdings last week, according to data from the country's Bitcoin Office.

At a market price of $104,220 per coin, the latest purchase brings the country's total BTC stash to 6,173, valued at over $637 million.

The Central American nation continues to buy bitcoin even after securing a $1.4 billion loan from the International Monetary Fund (IMF) in December 2024. The deal included stipulations limiting the use of public funds for bitcoin purchases.

Despite repeated requests from the IMF to halt further bitcoin buys, President Nayib Bukeles' administration has maintained the country's buying strategy.

The IMF agreement required El Salvador to remove bitcoin's status as legal tender and make its use optional. In January 2025, the country's Congress voted 55-2 to repeal the bitcoin legal tender law.

The country also agreed to privatize the Chivo Wallet, a state-funded digital wallet used for bitcoin transactions.

The agreement included a clause that prohibited the use of government funds for bitcoin acquisitions. However, El Salvador's Bitcoin Office has continued to report regular BTC purchases. It has not confirmed whether the funds used are public or private.

In March 2025, the IMF renewed its request for El Salvador to cease bitcoin accumulation. No response confirming compliance has yet been issued by the government.

President Bukele personally rejected the urgent appeal from the IMF to halt bitcoin purchases. On March 4, he responded on X:

"No, it's not stopping. 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."

El Salvador remains one of the few sovereign entities actively buying bitcoin in the open market. The Bitcoin Office regularly shares updates on the country's BTC reserve, although it does not specify the source of the funds used for the purchases.

The government has not announced any changes to the acquisition schedule. The BTC reserve continues to grow, and there have been no public statements indicating a shift in strategy following the IMF agreement.