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The Coin Rise 2025-03-09 10:00:45

El Salvador Continues Bitcoin Accumulation, Treasury Grows to 6,105 BTC

El Salvador Continues Bitcoin Accumulation, Treasury Grows to 6,105 BTC

El Salvador has continued stacking Bitcoin despite mounting pressure from the International Monetary Fund (IMF) to halt its acquisitions. Since March 1, the Central American nation has added 13 BTC to its treasury, bringing its total holdings to over 6,105 BTC, valued at more than $527 million at current market prices. Daily Bitcoin Purchases Persist While El Salvador has maintained a steady pace of purchasing 1 BTC per day, on March 3, the government accelerated its accumulation, buying 5 BTC in a single day—a move that signals its unwavering commitment to Bitcoin, even in the face of external pressures. The IMF has been vocal about its concerns regarding El Salvador’s Bitcoin strategy, particularly after the country secured a $1.4 billion loan deal in December 2024. As part of the agreement, the Salvadoran government had repealed its Bitcoin legal tender law in January 2025, seemingly scaling back its official involvement with BTC. However, despite this legislative change, El Salvador never actually stopped buying Bitcoin—demonstrating a clear divide between policy adjustments and real-world action. El Salvador Stands Firm Against IMF Criticism The IMF recently renewed its demands on March 3, urging El Salvador to cease Bitcoin purchases and explicitly barring the country from issuing debt or tokenized securities linked to BTC. But President Nayib Bukele wasted no time in dismissing the request, labeling it as nothing more than “whining.” “If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future,” Bukele boldly stated in response to the IMF’s renewed push. His defiant stance underscores El Salvador’s long-term vision for Bitcoin adoption —one that appears immune to global financial institutions’ criticisms. Bukele’s Bitcoin-first approach has already started attracting major crypto firms to El Salvador. Earlier this year, Bitfinex Derivatives announced its relocation from Seychelles to El Salvador on January 7. Tether, the issuer of the world’s largest stablecoin, followed suit, announcing on January 13 that it would move its headquarters to the country. The post El Salvador Continues Bitcoin Accumulation, Treasury Grows to 6,105 BTC appeared first on TheCoinrise.com .

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