El Salvador Steps Up Bitcoin Purchases Despite New IMF Deal

• El Salvador accelerates Bitcoin purchase
• Agreement with IMF changes policies, but not accumulation
• Adoption by nation states may be influenced

El Salvador, which has adopted a strategy of continuously accumulating Bitcoin, has accelerated its purchases recently. Traditionally, the country acquires one Bitcoin per day, but the latest records indicate a significant escalation in this practice.

Second information According to figures released by the Salvadoran government, the country now has 6.055 BTC, worth over $612 million. In the last month alone, more than 50 BTC have been added to the national reserve. This increase comes even after a $1,4 billion deal with the International Monetary Fund (IMF) was signed, which imposed changes to the country’s Bitcoin policy. With the deal, El Salvador implemented optional use of Bitcoin in payments, minimized government participation in the crypto market, and privatized the Chivo wallet.

Intriguingly, the day after the IMF deal was finalized, the Salvadoran government purchased 11 BTC, valued at over $1 million. Since then, the pace of purchases has increased, with the acquisition of an additional 12 BTC on January 19. Representatives from El Salvador’s National Bitcoin Office suggest that purchases could intensify further by 2025.

El Salvador’s Bitcoin strategy has attracted the attention of major players in the financial sector. A report titled “2025 Look Ahead” by Fidelity Digital Assets highlights the country’s stance as a potential catalyst for broader Bitcoin adoption by other nation states.

According to Fidelity analysts, as Bitcoin becomes more relevant in the global economy, larger countries may feel pressured to adopt similar strategies, worried about the implications of not participating in this movement.