El Salvador’s President Bukele Confirms Ongoing Bitcoin Purchases Despite IMF Deal
El Salvador, under President Nayib Bukele, continues to accumulate bitcoin (BTC) despite International Monetary Fund (IMF) restrictions. Key points include:
- Bukele responded to IMF demands, stating accumulation of BTC will not cease.
- The IMF's $3.5 billion deal includes a prohibition on public sector Bitcoin purchases.
- El Salvador recently purchased 19 BTC over the past week and one additional token afterward.
- The government currently holds 6,101.15 BTC, valued at approximately $530 million.
- Supporters emphasize the significance of Bukele's stance for potential changes in digital asset adoption.