El Salvador’s President Nayib Bukele has vowed to continue Bitcoin purchases despite restrictions imposed by a new IMF financing deal. The IMF agreement stops public sector entities from acquiring Bitcoin, but Bukele insists that this will not halt the country’s Bitcoin strategy. El Salvador recently increased its holdings, asserting its strong position in the cryptocurrency market.
In a recent development, El Salvador’s financing deal with the International Monetary Fund (IMF) includes a provision that restricts the country from acquiring additional Bitcoin. Despite these limitations, President Nayib Bukele has asserted that El Salvador will continue its Bitcoin purchases. He emphasized that the nation’s cryptocurrency strategy will not cease, regardless of the IMF conditions.
The IMF’s agreement, which is part of a 40-month, $1.4 billion Extended Fund Facility, imposes stringent restrictions on governmental activities regarding Bitcoin while permitting the retention of existing holdings. This was further detailed in a March 2025 report indicating that mining activities and new Bitcoin acquisitions by public sector entities would be prohibited.
Bukele openly rejected these stipulations, declaring through his social media platform that the nation’s Bitcoin accumulation efforts would persist. He stated, “This all stops in April. This all stops in June. This all stops in December. No, it’s not stopping.” He emphasized resilience, asserting that El Salvador’s commitment to Bitcoin will endure despite external pressures.
On March 4, El Salvador increased its Bitcoin holdings by acquiring an additional 5 BTC, raising the country’s total to 6,101 BTC, which is presently valued at approximately $530 million. This positions El Salvador as having the sixth-largest Bitcoin stockpile among nations, following the United States, China, the United Kingdom, Ukraine, and Bhutan. Confirming its status as the first country to adopt Bitcoin as legal tender in September 2021, El Salvador redefined this status to voluntary acceptance in January for private merchants.
While Bukele’s Bitcoin initiatives have drawn criticism previously, he has garnered support from significant figures in the cryptocurrency community, including Michael Saylor, co-founder of Strategy. Saylor reiterated the unstoppable nature of Bitcoin adoption in response to Bukele’s assertions.
In conclusion, President Bukele of El Salvador firmly stated that despite the IMF’s restrictions on Bitcoin acquisitions, the country will continue to buy Bitcoin. The government’s commitment to the cryptocurrency has not wavered, demonstrated by recent purchases. El Salvador remains a leader in Bitcoin holdings globally, asserting its position despite mounting external pressures and criticisms.
Original Source: zycrypto.com
