El Salvador buys 240 Bitcoin since IMF non-accumulation agreement
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The Central American country continues its daily Bitcoin investments despite a non-accumulation deal struck with the IMF in December 2024.
El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation.
The government’s treasury wallet currently holds 6,209 Bitcoin (BTC) after acquiring a total of 240 BTC since Dec. 19, 2024, after the IMF deal was announced, according to data from El Salvador’s Bitcoin Office.
In December, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin’s status as a legal tender and stop its public BTC accumulation.
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