El Salvador Defies IMF Conditions, Continues Bitcoin Accumulation

• El Salvador defies IMF conditions, adding 20 more BTC, bringing holdings to 6,101 BTC, with an 87.52% portfolio increase.
• Despite market swings, El Salvador’s Bitcoin strategy remains profitable, with a DCA price of $46,504.88 versus BTC at $87,205.20.
• Bukele rejects IMF restrictions, reaffirming Bitcoin’s role in financial inclusion and economic growth despite global pressure.

Despite restrictions from the International Monetary Fund, El Salvador remains devoted to its Bitcoin strategy, as Satoshi Club informs. The country maintains its pace of purchasing BTC, with President Nayib Bukele announcing 20 new purchases last week. The latest accumulation raised El Salvador’s Bitcoin holdings to 6,101 BTC worth $532,038,925.20.

Notably, the nation has seen an 87.52% portfolio increase, translating to a $131,869,029.36 gain. This decision challenges the IMF’s $3.5 billion loan conditions, which prohibit further Bitcoin accumulation by the public sector.

El Salvador’s Bitcoin Investment Strategy

Dollar-cost averaging (DCA) is what the government did. It bought Bitcoin at $50,000, $40,000, and $20,000, among others. At the close of 2022, it made the lowest purchase ever on record for around sixteen thousand dollars. After this, Bitcoin got a comeback and broke over $40,000 at the end of 2023 and over $90,000 at the start of 2025.

However, a correction brought the price down to $83,600. Despite market volatility, El Salvador’s total DCA price stands at $46,504.88, below the current market price of $87,205.20. Hence, the country remains in a profitable position.

Additionally, the Coinbase Premium Index revealed Bitcoin trading at a discount on Coinbase compared to other exchanges. This highlights regional demand disparities. The portfolio tracker also monitors Bitcoin’s price movements, marking purchase points with green indicators. This data shows the government’s commitment to a long-term investment strategy.

IMF Conditions and Government Response

On March 3, the IMF reiterated its restrictions on Bitcoin purchases by El Salvador’s public sector. The fund’s technical memorandum outlined conditions preventing voluntary Bitcoin accumulation. Furthermore, it made it illegal for the government to issue debt or tokenized securities connected to Bitcoin. Enhancing governance, transparency, and economic resilience are the goals of these initiatives.

However, Bukele dismissed claims that El Salvador would halt Bitcoin purchases. His government maintains that Bitcoin fosters financial inclusion and strengthens the economy. The administration remains firm in its stance despite international pressure.