El Salvador looks at the IMF – and continues to buy Bitcoin
The IMF said to slow down. El Salvador said no. The Government of President Bukela has just added five more bitcoins in his cash register, pushing reserves in the last 6,111 BTCs from the institution itself, which is only $ 1.4 billion just a few months ago. What is this brave apartment driving?
El Salvador defies IMF
El Salvador doesn’t give up baccal at Bitcoin (Btc), Regardless of what the International Monetary Fund says.
10. Marta 10. South American nation added five more bitcoins to their cash register, bringing its total farms to 6,111,18 BTC, worth about 509.5 million dollars to current market prices.
That move comes only a few months after finalization $ 1.4 billion agreement With the IMF in December 2024. year, part of the wider financial package in 3.5 billion USD is intended to stabilize the nation economy.
As part of the agreement, El Salvador agreed to a set of conditions: the use of bitcoins in the private sector will remain voluntary, the government’s participation in CRIPTO transactions would be reduced, and taxes would continue to be paid in US dollars.
Chivo Wallet stated, once a symbol of ambition in Bitcoin in the country, would gradually be abolished gradually while the regulatory monitoring of digital property would be tightened.
However, instead of withdrawn, the administration of the president of the Najiiba Bukela pushes forward. Why does the country still accumulate Bitcoin despite the IMF reserve? And what does this defiance signal the rest of the world? Let’s break it.
Ruthless accumulation
When El Salvador crashed his hands with the IMF 18. December, his Bitcoin estate was standing at 5,967 BTC. Since then, instead of pausing or reversed the course, the Earth has amased An additional 144 BTC, pushing the total reserve after 6,111 BTC.
Although its usual practice is gaining 1 BTC daily, sample established under the “Bitcoin DCA” strategy “Bitcoin DCA” (on average “on average”, there have been several occasions in which the purchase exceeded this routine accumulation.
The first such instance came only two days after the IMF job, when El Salvador bought 11. December BTC.
Two days later, 22. December, he bought another BTC, just to follow up with another 11 BTCs later and at the same day – bringing his everyday at 12 BTC, the unique largest acquisition of the post-IMF agreement.
This trend continued in 2025. years, with notable purchases, including 11 BTC 9. January, other 12 BTC 4. February, 8. BTC 25. February, and 6 BTC at 4. Marta. Latest purchase, 5 BTC to Mar. 10. Marta, she confirmed that the country does not intend to slow down.
Why this accumulation still hits the background on the basis of which it happens.
In January, the Legislative Assembly of the Earth passed The proposal of the Law targeted with the conditions of the IMF, a move signaled compliance on paper. However, when it comes to real politics Bitcoin, Bukelen’s government did not show hesitation in defiant expectations.
Even after the IMF repeated His paragraph 3. March, explicitly stating that the future obligations need El Salvador to “limit government engagement in economic activities, transactions and purchases in connection with Bitcoin”, the administration replied another Bitcoin only one day later.
Bukela himself clearly gave El Salvador to have plans to deviate from his Bitcoin experiment. At 5. Marta, the president rejected the speculations that the purchase of Bitcoin in the country would stop, referring to past criticism who had multiplying his collapse several times.
“All this stops in April.” “All this stops in June.” “All this stops in December.” Bukele wrote in the post to X (before Twitter). “No, it doesn’t stop. If it didn’t stop when the world was shattered and most of the” Bitcoiners’ left us, it wouldn’t stop now and will stop in the future. “
El Salvador Bitcoin Bet and her Effect Ripple
Whether the world likes or not, the relentless search of El Salvador already sets a powerful precedent. One of the clearest characters of this shift is how the cratted firm now engrave according to El Salvador.
In January, Bitfinek derivatives fastened Digital property provider (DAPSP), Company request to move its Seychelles operations in El Salvador.
This move was considered great approval of the country’s regulatory paragraph, with Bitfinek CTO Paolo Ardoin who called “defining the moment”, which pointed out the rise of El Salvador as a global financial center.
Following his pen, Tether (USDTT), the largest world in the world – also decided to move its headquarters and branches in El Salvador after obtaining a local license.
Teter’s management, including CEO of Paola Ardoin and COO Claudia Lagorio, stopped step further, acquired real estate and nationality in the country.
And the infrastructure to support them is already in place. The Law on Securities of El Salvador, passed in January 2023. year, appointed the foundation to companies to tokenize all of the debt and capital to real estate and investment funds.
Other companies are already informed. Strike, Bitcoin Payout Company, select El Salvador as his regional base in 2023. years.
Volcanic energy, the Bitcoin Mining Project, drains renewable energy sources, develops a mining farm 241 MV in the country.
As a result, El Salvador develops into a unique crypt of competence. Unlike other nations that have only legalized Bitcoin for transactions, it builds the entire financial ecosystem in which digital assets can succeed, companies can set up capital, and investors can be involved in the tokenized market.
Defiing IMF: Risky gambling?
The IMF washing was never without consequences. History shows that countries causing their terms or implementation of independent financial strategies often face economic retaliation in subtle but punched ways.
Argentina, for example, conflicted with the IMF over restructuring and fiscal debt policies, only to endure currency devaluation, flight of capital and limited access to global credit markets.
During its long-term crisis, Greece faced similar relegation when initially resisted the saver measures imposed by the IMF.
Although the IMF rarely undertakes direct criminal action, its impact on global financial systems ensures that resistance comes at a price.
A recent IMF statement on Mar. 3, confirming Bitcoin restrictions, may not be open warnings, but signals pressure in mounting.
If tensions escalate, the country could face strict loan conditions, higher lending costs or even disposal of funding. The rating agency, which have already caused its strategy Bitcoin, can further reduce its credit rating, making external borrowing more expensive.
There is also a risk of regulatory insulation, where international agencies discourage investments in El Salvador due to its exposure to Bitcoin.
However, the alternative scenario is equally possible. If El Salvador’s strategy proves successfully, the impact could be profound. Countries fighting with weak currencies, high inflation or limited access to global financial markets may appear in Bukele’s experiment as evidence that the parallel financial system can work.
The stakes, however, remain high. El Salvador is still dependent on the IMF for funding, making his defiance of the risk of gambling. The long-term bearing market Bitcoin or extreme volatility could be energized huge at the government approach.
For now, President Bukela remained unwavering and despite the risks, the Bitcoin-first approach of El Salvador still attracts attention, investments and enterprises.
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2025-03-10 19:34:00
