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El Salvador Adds 240 Bitcoins Since Non-Accumulation Agreement with IMF
2025-06-16 12:59

Odaily News Data from the Bitcoin Office of El Salvador shows that the government's Bitcoin holdings have reached 6,209 BTC, and the country has accumulated 240 BTC since it reached a $1.4 billion loan agreement with the International Monetary Fund (IMF) on December 19, 2024, which included a clause to prevent further accumulation. The agreement requires El Salvador to cancel the legal tender status of Bitcoin and stop public holdings, but the country still maintains a strategy of purchasing 1 Bitcoin per day. Rodrigo Valdes, director of the IMF's Western Hemisphere Department, said that El Salvador remained compliant through the technical operation of "no increase in holdings by the overall fiscal department." Blockchain consultant Anndy Lian pointed out that the country may maintain superficial compliance through non-public entity purchases. (Cointelegraph)