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El Salvador Continues Bitcoin-Buying Spree Despite IMF’s Call To Halt Purchases

  • El Salvador purchased eight Bitcoins despite IMF's call to halt changes in the country's BTC holdings.
  • IMF and El Salvadoran authorities agreed on the first review of a loan agreement that removed Bitcoin's mandatory legal tender status.
  • Despite commitments to limit state involvement in crypto activities, El Salvador's Bitcoin Office continues to increase its reserves with frequent purchases.
  • El Salvador's government now holds around 6,190 BTC, valued at about $673 million, with President Bukele stating they will acquire one BTC daily as part of the country's Bitcoin treasury strategy.

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