El Salvador, the first nation to adopt Bitcoin as legal tender, is reportedly continuing to acquire Bitcoin. This comes even as the country adheres to its agreement with the International Monetary Fund (IMF) to halt government accumulation of Bitcoin through public funds.
Data from El Salvador's Bitcoin Office indicates that the treasury acquired 7 Bitcoin, valued at over $650,000, in the week leading up to April 27. Rodrigo Valdes, Director of the Western Hemisphere Department at the IMF, stated on April 26 that El Salvador is complying with its commitment to halt government Bitcoin accumulation.
According to Anndy Lian, the IMF's agreement may allow for purchases through non-governmental entities. Lian suggests this allows El Salvador to maintain its Bitcoin-friendly stance while securing IMF funding. El Salvador secured a $1.4 billion loan deal with the IMF in December 2024, which was contingent on ceasing Bitcoin accumulation using public funds.