El Salvador Continues Daily Bitcoin Purchases Despite IMF Waiver Terms
El Salvador added 7 BTC over the past week, reaching 7,798 BTC in reserves, despite IMF expectations to halt direct state purchases.
Why it matters
El Salvador's continued bitcoin accumulation tests the boundaries of its IMF agreement and signals the government's commitment to its bitcoin strategy despite international pressure. The significance is limited to this specific bilateral arrangement.
Key facts
National reserves reached 7,798 BTC
7,798 BTCReported by Bitcoin.com News
IMF expected halt to direct state bitcoin purchases
Reported by Bitcoin.com News
Unidentified private donations allegedly fund bitcoin additions
Reported by Bitcoin.com News
What happened
Bitcoin.com News reports that El Salvador's Bitcoin Office shows the country added 7 BTC in the last seven days, bringing national holdings to 7,798 BTC valued at over $643 million. The one-bitcoin-a-day strategy promoted by President Nayib Bukele continues despite a $1.4 billion IMF credit facility waiver that expected a halt to direct state crypto purchases. The IMF had stressed El Salvador had not met criteria for public-sector crypto holdings. Unidentified private donations allegedly fund these additions, according to the report.
How the story developed
- First report
First report by Bitcoin.com News
El Salvador Defies IMF Waiver Terms to Stack More Bitcoin Daily
- Update
Bitcoin.com News reports continued daily bitcoin accumulation
El Salvador added 7 BTC in past week despite IMF waiver terms
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | El Salvador Defies IMF Waiver Terms to Stack More Bitcoin Daily | Original |
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