A new level of conflict has been seen between El Salvador & IMF body over the country’s Bitcoin investment plan. The country’s president directly says El Salvador will never stop buying Bitcoin.
Summary
- El Salvador is getting new pressure from the IMF body to stop Bitcoin adoption.
- El Salvador’s president openly announced he will not stop buying Bitcoin.
- Country’s National Bitcoin Office confirms Bitcoin buy in better amount to comply with Bitcoin Strategic Reserve.
El Salvador is a Bitcoin bull country. Under the presidency of Nayib Bukele, this country adopted Bitcoin as a currency in Sep 2021 officially, but later in 2025, the country removed the legal tender status of Bitcoin to comply with IMF’s loan deal. However, this was really very sad news for the whole Bitcoin market, but the news failed to impact the craziness of Bitcoiners because Bukele increased the country’s efforts of investment in Bitcoin.
On 3 March 2025, The International Monetary Fund (IMF) body staff released a new report and urged El Salvador to stop public sector acquisitions of the BTC, dissolve the Fidebitcoin trust fund by July 2025, and cease operations of Chivo wallet, national digital Bitcoin wallet.
Also, the IMF body ordered the country’s government to disclose all Bitcoin wallet addresses publicly and provide audited financial statements for crypto-related entities.
The IMF body admitted that cryptocurrencies can be used in the payment system to achieve efficiency & speed but raised questions against widespread adoption & said that it could threaten macroeconomic stability and raise fiscal risks.
According to the IMF body, Bitcoin’s limited circulation in the country includes many types of monetary and financial stability risks, in a context where the US dollar can also be freely used.
Through the report, the IMF body tried to reflect on the agreement deal with El Salvador and whether the country agreed to cease Bitcoin buying from public funds.
El Salvador President vs IMF
El Salvador president Nayib Bukele showed his opposition to IMF’s latest released report and clarified his intention of buying Bitcoin as the main priority of his country.
On 4 March 2025, Bukele announced that his country is not going to stop buying Bitcoin, even in the future. Indirectly, we can say that Bukele openly announced that he was not going to comply with the IMF’s request.
It is worth noting that El Salvador initially secured a $1.4 billion funding deal from the IMF body in Q4 2024 in exchange for scaling back its Bitcoin adoption-related plans.
El Salvador’s Bitcoin Holding
El Salvador is currently holding 6,101 BTC, valued at nearly $534.5 million, as per data provided by The National Bitcoin Office of El Salvador.
Currently, this country has the sixth-largest Bitcoin stash of any nation-state. This country has been buying some BTC every day but with uniform speed, which is far better than other countries that have been holding Bitcoin funds seized from bad actors.
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