El Salvador just can’t stop buying Bitcoin. In March 2025, the tiny Central American nation added 6 more Bitcoins to its already hefty collection, bringing its total to a whopping 6,111.18 BTC. That’s about $504 million worth of digital currency, folks. This isn’t just a casual hobby; it’s part of a serious strategy to bet big on Bitcoin, despite the constant pressure from the International Monetary Fund (IMF).
Yes, the IMF wants El Salvador to chill out on Bitcoin purchases and stick to the plan laid out in their $1.4 billion loan agreement. What’s the plan? Well, for starters, they want El Salvador to stop buying Bitcoin and revoke its status as legal tender. Good luck with that!
The IMF urges El Salvador to halt Bitcoin buys and ditch its legal tender status, but good luck with that!
President Nayib Bukele seems unfazed, doubling down on his commitment to accumulate Bitcoin. He even bought five extra Bitcoins beyond his usual daily one. Talk about living on the edge! Additionally, the total Bitcoin holdings now stand at 6,111.18 BTC, showcasing the country’s unwavering resolve. Bitcoin’s max supply cap of 21 million ensures its scarcity, which may fuel El Salvador’s long-term strategy.
The IMF claims it wants to help El Salvador improve governance and economic resilience. But, let’s be real—these guys are worried about the wild ride that is Bitcoin’s price volatility. They want to keep things stable, but El Salvador sees Bitcoin as a way to tackle financial exclusion and inefficiencies.
It’s like a high-stakes game of poker where El Salvador is all in, and the IMF is sweating bullets.
International observers are glued to this situation. Is El Salvador a brave pioneer or a reckless gambler? The Bitcoin community is split, some cheering for El Salvador’s bold moves, others shaking their heads in disbelief.
Sure, the country has faced financial turbulence when Bitcoin value dips, but they keep making bulk purchases during market lows.
