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May 28, 2025

IMF Confirms Continued Efforts to Limit El Salvador’s Bitcoin Accumulation

1 min

The International Monetary Fund (IMF) reaffirmed its commitment to ensuring that El Salvador's government does not increase its bitcoin holdings. Key points include:

  • In March, El Salvador secured a $3.5 billion loan from the IMF, with conditions including the loss of bitcoin's legal tender status.
  • The IMF prohibited the public sector from voluntarily accumulating bitcoin.
  • Despite this, El Salvador has increased its bitcoin holdings from 6,101.15 to 6,189.18, valued at approximately $678 million.
  • President Nayib Bukele confirmed on March 4 that purchases would continue, stating, "If it didn’t stop when the world ostracized us, it won’t stop now."
  • The IMF reported strong program performance and compliance with fiscal targets, thanking Salvadoran authorities for collaboration.