{"id":851681,"date":"2025-05-28T09:11:59","date_gmt":"2025-05-28T14:11:59","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/28\/el-salvador-defies-imf-and-buys-more-bitcoin\/"},"modified":"2025-05-28T09:11:59","modified_gmt":"2025-05-28T14:11:59","slug":"el-salvador-defies-imf-and-buys-more-bitcoin","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/28\/el-salvador-defies-imf-and-buys-more-bitcoin\/","title":{"rendered":"El Salvador Defies IMF and Buys More Bitcoin"},"content":{"rendered":"<div id=\"page\">\n<div id=\"content_box\">\n<header>\n<div>\n<p><img loading=\"lazy\" alt src=\"https:\/\/secure.gravatar.com\/avatar\/2b5363381b9fb67e5d83a7331644feccb6ac7671ad22cc5b5555df342567c3bb?s=32&#038;d=mm&#038;r=g\"  height=\"32\" width=\"32\" decoding=\"async\"><\/p>\n<p><span><span>By <a href=\"https:\/\/fullycrypto.com\/author\/mahu_bs\" title=\"Posts by Mark Hunter\" rel=\"author\">Mark Hunter<\/a><\/span><\/span><\/p>\n<p><span><\/p>\n<p>5 hours ago<span>Wed May 28 2025 08:24:33<\/span><\/p>\n<p><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/header>\n<p><img width=\"1300\" height=\"890\" src=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2025\/05\/El-Salvador-Defies-IMF-and-Buys-More-Bitcoin.png\" alt=\"El-Salvador-Defies-IMF-and-Buys-More-Bitcoin\" title decoding=\"async\" fetchpriority=\"high\" data-layzr=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2025\/05\/El-Salvador-Defies-IMF-and-Buys-More-Bitcoin.png\">\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<div>\n<p><span><span>Reading Time: <\/span> <span> 2<\/span> <span>minutes<\/span><\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span>El Salvador has continued purchasing Bitcoin against the wishes of the International Monetary Fund (IMF)<\/span><\/li>\n<li aria-level=\"1\"><span>The nation has added over 30 BTC recently, increasing its holdings to over 6,100 BTC<\/span><\/li>\n<li aria-level=\"1\"><span>El Salvador recently took out a $1.4 billion loan from the IMF based on it curtailing its Bitcoin business<\/span><\/li>\n<\/ul>\n<p><span>El Salvador has persisted in augmenting its <\/span><a href=\"https:\/\/fullycrypto.com\/crypto-essentials-an-overview-of-bitcoin\"><span>Bitcoin<\/span><\/a><span> reserves, defying the International Monetary Fund\u2019s (IMF) advisories to halt such acquisitions. In recent weeks, the country has acquired over 30 BTC, bringing its total holdings to more than 6,100 BTC. President Nayib Bukele remains steadfast in his support for Bitcoin, emphasizing the nation\u2019s dedication to its cryptocurrency strategy, despite the terms of a recent $1.4 billion IMF loan stating that it should limit its Bitcoin exposure.<\/span><\/p>\n<h2><span>Bukele Ignores Terms of $1.4 Billion Loan<\/span><\/h2>\n<p><span>In December 2024, <\/span><a href=\"https:\/\/fullycrypto.com\/el-salvador-tweaks-bitcoin-law-following-imf-deal\"><span>El Salvador secured a $1.4 billion loan<\/span><\/a><span> agreement with the IMF, which included stipulations to limit the country\u2019s involvement with Bitcoin. These conditions encompassed ceasing further Bitcoin purchases and gradually reducing the government\u2019s participation in the state-run Chivo wallet.<\/span><\/p>\n<p><span>Despite these terms, El Salvador has continued to acquire Bitcoin through its Bitcoin Office, a government entity operating outside the traditional fiscal sector. Recent reports indicate that it has added over 30 BTC to its reserves, increasing its total holdings to more than 6,100 BTC, valued at approximately $678 million. These acquisitions have been made through daily purchases, a strategy that the government has maintained despite international pressure.\u00a0<\/span><\/p>\n<p><span>President Bukele publicly dismissed concerns regarding these purchases, stating, \u201cNo, it\u2019s not stopping. If it didn\u2019t stop when the world ostracized us and most \u2018bitcoiners\u2019 abandoned us, it won\u2019t stop now, and it won\u2019t stop in the future.\u201d\u00a0<\/span><\/p>\n<h2><span>Bukele Walking a Tightrope<\/span><\/h2>\n<p><span>Bukele\u2019s actions will put the ball back in the IMF\u2019s court as far as El Salvador\u2019s $1.4 billion loan is concerned. If it feels that the President has contravened the terms of the loan it may be within its rights to pull it and demand full repayment, which could be catastrophic for the country.<\/span><\/p>\n<p><span>While the IMF continues to express concerns over the potential risks associated with cryptocurrency investments, El Salvador views Bitcoin as a strategic asset to diversify its economy and attract foreign investment. As the situation evolves, the international community will closely monitor the outcomes of El Salvador\u2019s Bitcoin strategy and its implications for global financial policies.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/fullycrypto.com\/el-salvador-defies-imf-and-buys-more-bitcoin?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=el-salvador-defies-imf-and-buys-more-bitcoin\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Mark Hunter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mark Hunter 5 hours agoWed May 28 2025 08:24:33 Reading Time: 2 minutes El Salvador has continued purchasing Bitcoin against the wishes of the International Monetary Fund (IMF) The nation has added over 30 BTC recently, increasing its holdings to over 6,100 BTC El Salvador recently took out a $1.4 billion loan from the<\/p>\n","protected":false},"author":1,"featured_media":851682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25058,3962],"tags":[],"class_list":["post-851681","post","type-post","status-publish","format-standard","has-post-thumbnail","category-defies","category-salvador"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/851681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=851681"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/851681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/851682"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=851681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=851681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=851681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}