Story Highlights
- El Salvador buys 5 BTC in a day despite IMF pressure.
- Bitcoin reserves reach 6,105 BTC, worth $527 million.
- Bukele vows to keep buying Bitcoin in the future.
El Salvador continues to expand its Bitcoin holdings despite international concerns. On March 3, the country made an unusual move by purchasing five BTC in a single day. The organization deviates from its daily habit of acquiring one Bitcoin every day. El Salvador increased its Bitcoin reserves to over 6,105 BTC by purchasing 13 more BTC since March 1. The current market value of these assets exceeds $527 million.
The International Monetary Fund (IMF) continuously urges El Salvador to halt its Bitcoin acquisitions every time. The International Monetary Fund believes large Bitcoin holdings create potential financial challenges. The country passed revised Bitcoin regulations within the framework of their $1.4 billion loan agreement.
The decision from El Salvador’s Congress officially ended the position of Bitcoin as legal tender in February 2025. El Salvador became the pioneer in global history by making Bitcoin its official currency when it adopted Bitcoin in 2021.
President Bukele Defends El Salvador Bitcoin Strategy
The government continues to maintain and execute its Bitcoin strategy even after recent modifications. President Nayib Bukele shows no intention of giving up his plan to acquire additional BTC. He defended the Bitcoin policy against critics because his government does not plan to stop its Bitcoin strategy.
President Nayib Bukele assured the world that El Salvador will continue acquiring Bitcoin regardless of external pressure. He declared that Bitcoin purchase operations will continue despite ongoing public speculations by stating that past criticism and international isolation failed to shift their Bitcoin adoption direction; therefore, future obstacles would not deter them.
He stated on X, “This all stops in April. This all stops in June. This all stops in December. No, it’s not stopping.”
El Salvador shows no indications that outside forces will affect its Bitcoin-related decisions. These Bitcoin-related decisions have received praise from advocates of financial independence, yet face warnings from those who believe there are economic risks. Expert opinions suggest that this approach will have unknown lasting effects. However, for now, El Salvador appears determined to continue investing in Bitcoin regardless of international concerns.
