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El Salvador has acquired 240 additional Bitcoin since December 2024, bringing its total holdings to 6,209 BTC, according to official treasury data. This continued accumulation comes despite the Central American nation's $1.4 billion loan agreement with the International Monetary Fund that included provisions discouraging further cryptocurrency purchases.
Rodrigo Valdes of the IMF's Western Hemisphere Department stated the country remains technically compliant with the agreement. "El Salvador continues to comply with their commitment of non-accumulation of Bitcoin by the overall fiscal sector," Valdes noted during an April briefing. Blockchain advisor Anndy Lian suggests creative accounting may explain this apparent contradiction: "The IMF's flexible interpretation likely involves non-public sector entities or reclassified assets."
President Nayib Bukele's signature policy of buying one Bitcoin per day, initiated in 2022, remains unchanged. 【Government records】show consistent acquisitions through 2025, even after the December 2024 IMF deal required abandoning Bitcoin's legal tender status and halting public accumulation.
While Bitcoin reserves grow, cryptocurrency remittances to El Salvador dropped sharply in early 2025. Central Reserve Bank data reveals a 44.5% year-over-year decline in Q1, with crypto transfers accounting for just 0.52% of total remittances versus 1.08% in 2024. ——This contrast highlights the complex relationship between policy and practical adoption——
The situation presents a unique case study in sovereign cryptocurrency strategies. El Salvador's approach combines persistent accumulation with decreasing transactional use, raising questions about long-term objectives. As other nations consider digital asset reserves, this Central American experiment continues evolving under international scrutiny.