El Salvador buys 240 Bitcoin since IMF non-accumulation agreement

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El Salvador, the world’s archetypal state to follow Bitcoin arsenic ineligible tender, has continued buying the cryptocurrency contempt a $1.4 cardinal indebtedness statement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation.

The government’s treasury wallet presently holds 6,209 Bitcoin (BTC) aft acquiring a full of 240 BTC since Dec. 19, 2024, aft the IMF woody was announced, according to information from El Salvador’s Bitcoin Office.

In December, El Salvador struck a woody with the IMF for a $1.4 cardinal loan, which required the authorities to driblet Bitcoin’s presumption arsenic a ineligible tender and halt its nationalist BTC accumulation.

However, the state has continued buying 1 BTC per day, a strategy archetypal announced by President Nayib Bukele successful 2022.

When asked astir the purchases, Rodrigo Valdes, manager of the IMF’s Western Hemisphere Department, said the state remains technically compliant. “El Salvador continues to comply with their committedness of non-accumulation of Bitcoin by the wide fiscal sector,” Valdes stated during an April 26 property briefing.

Others constituent to the IMF deal’s “flexible” mentation arsenic the cardinal to El Salvador’s continued acquisitions.

“The IMF’s ‘flexible interpretation’ suggests purchases whitethorn impact non-public assemblage entities oregon reclassified assets, maintaining method compliance,” Anndy Lian, writer and intergovernmental blockchain adviser, told Cointelegraph, adding that this “alternative attack allows El Salvador to clasp its Bitcoin-friendly representation portion securing captious IMF funding.”

Crypto remittances diminution successful 2025

While El Salvador’s Bitcoin accumulation appears unaffected, cryptocurrency remittance payments to the state fell sharply successful 2025.

Cryptocurrency transfers to Salvadoran wallets fell by 44.5% during the archetypal 4th of the twelvemonth from the aforesaid play past year, according to information from the Central Reserve Bank shared by Diario, a section media quality outlet.

Crypto remittance payments fell to $16 cardinal successful the archetypal 4th of 2025, representing 0.52% of full remittances received successful the country, a $12.8 cardinal diminution from the $28.3 cardinal received successful the archetypal 4th of 2024, erstwhile crypto payments accounted for 1.08% of full remittances.