El Salvador Adds More Bitcoin Despite IMF Warning
El Salvador has continued to expand its Bitcoin reserves, adding 8 BTC over the past week, bringing its total holdings to 6,194.18 BTC.
The new purchase, valued at over $834,000, follows a 30-day accumulation of 30 BTC, worth roughly $3.1 million at current prices.
This move comes just days after the International Monetary Fund (IMF) urged the country to halt further BTC acquisitions. In a recent review under the Extended Fund Facility agreement, the IMF advised El Salvador to maintain its crypto exposure at current levels due to concerns over financial stability and debt risks.
President Nayib Bukele has remained committed to the country’s Bitcoin investment strategy.
His administration has emphasized long-term value appreciation and independence from traditional financial systems. Despite global financial institutions’ warnings, Bukele’s stance reflects confidence in Bitcoin as a store of value and strategic asset.
The BTC accumulation trend is also reflected in the country’s daily purchasing strategy. The balance chart from the official bitcoin.gob.sv tracker shows a steady increase throughout May, with consistent daily additions.
While the IMF stresses caution, citing volatility and fiscal risks, El Salvador continues to position itself as a pioneer in Bitcoin adoption at the state level. As negotiations with the IMF proceed, the divergence in economic philosophy between traditional institutions and El Salvador’s government appears to be widening.
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