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El Salvador has once again increased its Bitcoin reserves, adding 6 BTC on Sunday. This move is part of the country’s ongoing Bitcoin accumulation strategy, despite pressure from the International Monetary Fund (IMF) to limit its involvement with the cryptocurrency. Since making Bitcoin legal tender in 2021, El Salvador has steadily expanded its holdings. In recent weeks, the government has continued purchasing Bitcoin, acquiring more than 13 BTC since the start of March. This is in contrast to the IMF’s loan agreement, which included conditions to reduce public sector participation in Bitcoin and revoke its mandatory acceptance by businesses. To address these concerns, El Salvador’s Congress introduced legal changes in early 2025, making Bitcoin acceptance voluntary. Despite these reforms, President Nayib Bukele remains committed to Bitcoin, emphasizing that external pressure will not alter the country’s strategy. The government’s pro-Bitcoin stance has attracted major cryptocurrency firms, further positioning El Salvador as a hub for blockchain innovation. While the IMF has raised concerns about Bitcoin’s volatility and its potential risks to economic stability, the Salvadoran administration views it as a long-term asset and continues integrating it into its financial system. El Salvador’s Bitcoin experiment remains a bold and closely watched economic strategy. Whether this approach will yield the desired benefits or create financial challenges in the long run remains to be seen. $BTC

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El Salvador continues accumulating bitcoin and now holds 6,111 BTC despite IMF pressure