{"id":14531,"date":"2025-05-11T10:43:17","date_gmt":"2025-05-11T10:43:17","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=14531"},"modified":"2025-05-11T10:43:20","modified_gmt":"2025-05-11T10:43:20","slug":"el-salvador-adds-7-btc-to-national-reserve","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/el-salvador-adds-7-btc-to-national-reserve\/","title":{"rendered":"El Salvador Adds 7 BTC to National Reserve"},"content":{"rendered":"\n<p>El Salvador has once again increased its national Bitcoin reserves, acquiring seven BTC in the past week\u2014even as its $1.4 billion loan deal with the International Monetary Fund (IMF) explicitly prohibits such purchases.<\/p>\n\n\n\n<p>According to the El Salvador Bitcoin Office, the Central American country now holds 6,173 BTC, valued at over $637 million based on current market prices. The latest acquisition underscores El Salvador\u2019s ongoing commitment to Bitcoin, even after officially repealing its legal tender law earlier this year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-imf-deal-fails-to-deter-bukele-s-bitcoin-strategy\">IMF Deal Fails to Deter Bukele\u2019s Bitcoin Strategy<\/h3>\n\n\n\n<p>In December 2024, El Salvador entered into a major financing agreement with the IMF. As part of the deal, the country agreed to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Repeal its Bitcoin legal tender law<\/li>\n\n\n\n<li>Make Bitcoin payments optional, not mandatory<\/li>\n\n\n\n<li>Halt the use of public funds for Bitcoin purchases<\/li>\n\n\n\n<li>Privatize the government-run Chivo Wallet<\/li>\n<\/ul>\n\n\n\n<p>Despite these commitments, the country\u2019s Bitcoin buying spree has not slowed. In January 2025, lawmakers overwhelmingly repealed the Bitcoin legal tender law. However, BTC acquisitions have continued unabated.<\/p>\n\n\n\n<p>The IMF reiterated its call to suspend Bitcoin purchases in March 2025. Yet, President Nayib Bukele responded defiantly, reaffirming that the nation would not yield to external financial pressure.<\/p>\n\n\n\n<p>\u201cNo, it\u2019s not stopping,\u201d Bukele wrote in a March 4 post on X. \u201cIf it didn\u2019t stop when the world ostracized us and most \u2018Bitcoiners\u2019 abandoned us, it won\u2019t stop now, and it won\u2019t stop in the future.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-model-for-other-nations\">A Model for Other Nations?<\/h3>\n\n\n\n<p>El Salvador remains one of the only countries actively acquiring Bitcoin on the open market. Some industry experts suggest its approach could serve as a model for other nations exploring crypto as part of their strategic reserves.<\/p>\n\n\n\n<p>By prioritizing Bitcoin accumulation\u2014even at the cost of international financial friction\u2014El Salvador is betting that digital assets will play a key role in the future of sovereign wealth and economic innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador has once again increased its national Bitcoin reserves, acquiring seven BTC in the past week\u2014even as its $1.4 billion loan deal with the International Monetary Fund (IMF) explicitly prohibits such purchases. According to the El Salvador Bitcoin Office, the Central American country now holds 6,173 BTC, valued at over $637 million based on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":8498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,2,43],"tags":[],"class_list":{"0":"post-14531","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-featured","9":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Salvador Adds 7 BTC to National Reserve<\/title>\n<meta name=\"description\" content=\"El Salvador has once again increased its national Bitcoin reserves, acquiring seven BTC in the past week\u2014even as its $1.4 billion loan deal 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