According to BlockBeats, on June 16th, despite reaching an agreement with the International Monetary Fund (IMF) in December 2024 to no longer increase its holdings of Bitcoin, the Central American country of El Salvador continued to purchase Bitcoin on a daily basis.
El Salvador is the first country in the world to designate Bitcoin as a legal tender. According to the Bitcoin Office of El Salvador, since December 19, 2024 (after the announcement of the IMF agreement), the country has purchased an additional 240 bitcoins, bringing the total holdings of the government's treasury wallet to 6209 bitcoins (currently priced at approximately $106658 per coin).
In December 2024, El Salvador reached a $1.4 billion loan agreement with the IMF, which included a clause requiring the country to relinquish the status of Bitcoin as a legal tender and cease government led Bitcoin purchases.
However, since President Nayib Bukele proposed the "one Bitcoin a day" strategy in 2022, the country has continued to implement this daily purchase plan. When asked about this matter, Rodrigo Valdes, Director of the Western Hemisphere Affairs Department of the IMF, stated at a press conference on April 26, 2025 that the country still technically complies with the agreement: "El Salvador still meets its commitment not to increase its holdings of Bitcoin across the entire fiscal sector
Another viewpoint suggests that the IMF agreement's flexible interpretation of the "no further increase" clause is crucial for El Salvador to continue buying Bitcoin.
