El Salvador Defies IMF With Continued Bitcoin Purchases

branislav94
2 Min Read

El Salvador continues its Bitcoin purchases, defying an IMF agreement. The government said it bought 21 BTC on September 7, 2025, marking the fourth anniversary of the Bitcoin Law. The move signals the country is not pausing public sector Bitcoin acquisitions.

Fresh buy marks Bitcoin Law anniversary

President Nayib Bukele announced the 21 BTC addition. That step contradicts terms of a $1.4 billion IMF loan that required halting such purchases. On-chain data also shows consistent additions aligned with the policy.

El Salvador’s Bitcoin reserves now total about 6,313 BTC, valued at over $700 million. The stash has grown under a “one Bitcoin a day” strategy that began in March 2024 and has continued steadily, according to the source.

IMF report at odds with on-chain reality

The IMF’s July 2025 report said there had been no new Bitcoin purchases since the loan agreement. The government’s announcement confirmed the latest acquisition, and data indicates ongoing accumulation.

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Key points:

21 BTC were bought on September 7, 2025, tied to the Bitcoin Law anniversary. Total holdings are near 6,313 BTC, worth over $700 million. Purchases follow a “one Bitcoin a day” plan started in March 2024.

Therefore, tension between El Salvador’s strategy and IMF conditions persists. The move underscores a continued national bet on Bitcoin, even as multilateral lenders urge restraint.

For background on Bitcoin as an asset, see the Bitcoin entry.

If you’re exploring fiat-pegged alternatives and mechanics, read our guide on how stablecoins work.

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