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.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
