El Salvador Acquires 240 More Bitcoins Since Reaching Non-Accumulation Agreement with IMF

Odaily Planet Daily reported that, according to data from El Salvador's Bitcoin Office, the country's government now holds 6,209 BTC. Since reaching a $1.4 billion loan agreement with the International Monetary Fund (IMF) on December 19, 2024—which includes provisions to prevent further accumulation—El Salvador has continued to increase its holdings by 240 BTC. The agreement requires El Salvador to revoke Bitcoin’s legal tender status and halt public accumulation, yet the country still maintains its strategy of purchasing one Bitcoin per day. Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, stated that El Salvador remains compliant through a technical approach of “no net accumulation by the overall fiscal sector.” Blockchain advisor Anndy Lian pointed out that the country may be maintaining apparent compliance by purchasing Bitcoin through non-public entities. (Cointelegraph)