EddieJayonCrypto
10 Mar 25
El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This is occurring against a backdrop of increased pressure from the International Monetary Fund (IMF) to stop its BTC accumulation strategy. The National Bitcoin Office announced the deve...
El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This is occurring against a backdrop of increased pressure from the International Monetary Fund (IMF) to stop its BTC accumulation strategy.
The National Bitcoin Office announced the development on March 10, revealing that in addition to its regular 1 BTC daily buy, the government acquired 5 more BTC. This brings the country’s total Bitcoin reserves to 6,111.18, valued at approximately $493 million at current market prices.
Further pressure from the IMF surfaced on March 3, when the organization filed a new request for an extended arrangement under its fund facility for El Salvador. The technical memorandum outlined a condition that prohibited voluntary BTC accumulation by the public sector. Despite these conditions, President Nayib Bukele remains committed to the holding strategy.