El Salvador Adds 5 BTC to Reserves, Continues Accumulation Amid IMF-Fueled Policy Adjustments

El Salvador, one of the most pro-crypto countries in the world, added 5 BTC to its Bitcoin Reserve on Saturday. The country purchased over $5 million worth of BTC in the past month.

El Salvador, renowned for its pro-crypto stance, has added 5 BTC to its Bitcoin Reserve, bringing the total to approximately 6,055 BTC. This recent purchase contributes to the country's overall BTC acquisition of over 50.42 in the past month.

El Salvador purchased an additional 5 BTC on Saturday, increasing its Bitcoin holdings to roughly 6,055 BTC.

El Salvador's Bitcoin Office announced the purchase on Saturday, revealing that the country's total bitcoin (BTC) reserves now stand at approximately 6,055 BTC, valued at over $606 million.

“Today we bought 5 new bitcoins, increasing our reserves to 6,055 bitcoins. Keep calm, we are continuing to buy at a good price, thanks to the bear market,” the Bitcoin Office tweeted.

This recent purchase adds to El Salvador's steady accumulation of BTC since adopting the cryptocurrency as legal tender in 2021. Notably, over the past month alone, the government has acquired around 50.42 BTC, maintaining a consistent acquisition strategy.

However, El Salvador has also been adjusting its Bitcoin regulatory framework in recent times. In December 2024, the government reached an agreement with the International Monetary Fund (IMF) for a $1.4 billion loan under the Extended Fund Facility (EFF).

As part of this deal, the government has adjusted key Bitcoin policies, including making bitcoin acceptance optional for businesses, eliminating tax payments in BTC, and gradually phasing out the state-backed Chivo wallet.

These adjustments come as no surprise, given the IMF's well-known concerns about El Salvador's bitcoin adoption and its potential risks to financial stability. Despite these concessions, the government's overall bitcoin strategy largely remains in place.

Last December, Stacy Herbert, director of the National Bitcoin Office, hinted at an accelerated bitcoin accumulation plan. She also highlighted initiatives to enhance bitcoin education and public sector training.

“El Salvador will continue buying bitcoin (at possibly an accelerated pace AND at a discounted price) for its Strategic Bitcoin Reserve,” Herbert stated earlier this year.

Unsurprisingly, El Salvador's pro-bitcoin stance has attracted major crypto companies to its shores. Stablecoin issuer Tether recently shifted its headquarters to the country, citing the favorable regulatory climate under President Nayib Bukele.

Shortly after, Bukele also invited Rumble CEO Chris Pavlovski to consider relocating his company to El Salvador.