El Salvador Defies IMF Pressure, Doubles Down on Bitcoin

El Salvador is not backing down. Despite agreeing to a $1.4 billion deal with the International Monetary Fund (IMF) - which imposes restrictions on government Bitcoin activities - President Nayib Bukele has made it clear: El Salvador will continue accumulating Bitcoin.

On March 5, Bukele reaffirmed the nation’s commitment to BTC, dismissing speculation that the IMF agreement would halt purchases.

“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.” – Nayib Bukele, March 5

El Salvador’s National Bitcoin Office quickly confirmed a fresh Bitcoin purchase, bringing the country’s total holdings to 6,101 BTC—valued at approximately $530 million at the time of reporting.