El Salvador Increases Bitcoin Holdings Despite IMF Agreement

According to PANews, El Salvador's Bitcoin holdings have reached 6,209 BTC, as reported by Cointelegraph. Since December 19, 2024, when the country secured a $1.4 billion loan agreement with the International Monetary Fund (IMF), El Salvador has added 240 BTC to its reserves. The agreement required El Salvador to revoke Bitcoin's status as legal tender and cease public acquisitions. However, the country continues to purchase one Bitcoin daily. Rodrigo Valdes, head of the IMF's Western Hemisphere Department, stated that El Salvador remains compliant through technical operations that prevent the overall fiscal sector from increasing its holdings. Blockchain advisor Anndy Lian suggested that the country might be using non-public entities to maintain apparent compliance.