El Salvador Now Owns 6102 Bitcoin Amid IMF Agreement
San Salvador, March 10, 2025 – The Government of El Salvador, under President Nayib Bukele’s administration, has reaffirmed its commitment to Bitcoin by acquiring additional BTC for the country’s national reserve. The announcement, made by El Salvador’s National Bitcoin Office on March 5, 2025, confirmed the latest purchase, increasing the government’s total Bitcoin holdings to over 6,102 coins. This move comes as the country continues its long-term strategy of integrating Bitcoin into its financial ecosystem while maintaining compliance with international financial agreements.
A Continued Commitment to Bitcoin
El Salvador, the first country in the world to adopt Bitcoin as legal tender in September 2021, has consistently increased its Bitcoin reserves despite external pressures. President Bukele has positioned Bitcoin as a strategic asset for the country’s financial future, advocating for its role in economic growth, financial inclusion, and technological advancement. The latest Bitcoin acquisition reflects the administration’s belief in the long-term potential of the cryptocurrency as a hedge against economic volatility.
“Our strategy remains unchanged. El Salvador continues to strengthen its position in the Bitcoin economy, and we firmly believe in its future value,” stated a representative from the National Bitcoin Office.
The recent acquisition follows a series of Bitcoin-related initiatives introduced by the Salvadoran government, including the establishment of Bitcoin City, Bitcoin-backed bonds, and a pro-crypto regulatory framework aimed at attracting foreign investment and blockchain innovation.
IMF Agreement and Regulatory Compliance
This latest purchase occurs within the context of El Salvador’s ongoing agreement with the International Monetary Fund (IMF), which approved a 40-month, $1.4 billion financial program to support the country’s economic policies. As part of the agreement, El Salvador assured the IMF that public-sector Bitcoin purchases would be limited and that the cryptocurrency’s adoption would remain voluntary for businesses and citizens.
While the IMF has expressed concerns over Bitcoin’s volatility and its impact on El Salvador’s fiscal stability, the government has assured that all Bitcoin acquisitions align with the agreed framework. Officials maintain that the latest purchases fall within the permitted scope of the Bitcoin Strategic Reserve Fund, which operates under specific regulatory guidelines to ensure transparency and accountability.
Economic and Market Implications
As of January 2025, El Salvador’s Bitcoin holdings were valued at approximately $611.2 million, reflecting gains from the cryptocurrency’s recent price appreciation. Despite global market fluctuations, Bitcoin’s strong recovery in early 2025 has reinforced El Salvador’s stance on its long-term viability as an asset. The latest purchase also signals the government’s confidence in Bitcoin’s continued price appreciation and its ability to serve as a financial hedge amid macroeconomic uncertainties.
Furthermore, the Salvadoran Bitcoin strategy has attracted significant international attention, with cryptocurrency advocates praising the country’s leadership in blockchain adoption. However, financial institutions, including the IMF and World Bank, continue to caution against the risks associated with Bitcoin’s price volatility and potential impacts on national economic stability.
Looking Ahead: The Future of Bitcoin in El Salvador
El Salvador remains at the forefront of national Bitcoin adoption, pioneering policies that other countries are closely monitoring. With the latest purchase, the government reaffirms its commitment to building a Bitcoin-centric financial model while ensuring compliance with international financial agreements.
As global interest in cryptocurrency adoption grows, El Salvador’s Bitcoin experiment continues to shape discussions around national digital asset strategies. The government has indicated that it will maintain a cautious yet optimistic approach in expanding its Bitcoin holdings while prioritizing financial stability and economic development.
For media inquiries, please contact:
National Bitcoin Office – Government of El Salvador
Email: press@bitcoinoffice.sv
Website: www.bitcoinoffice.sv
About El Salvador’s Bitcoin Strategy
El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021. The government has since implemented various Bitcoin-related initiatives, including Bitcoin City, Bitcoin-backed bonds, and a legal framework supporting cryptocurrency businesses. The country’s Bitcoin holdings are managed under a national reserve strategy, aligning with economic policies to drive financial inclusion and technological growth.
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