El Salvador continues to defy the IMF by stockpiling Bitcoin despite international pressure. The Central American nation has purchased over 13 BTC since March 1, including 6 BTC on March 10 and 5 BTC on March 3, 2025. Daily purchases of 1 BTC continue unabated, pushing their total holdings to an impressive 6,111.18 BTC.
That’s approximately $504 million worth of digital gold sitting in El Salvador‘s treasury. Not bad for a small country that the IMF keeps wagging its finger at. Their average purchase price stands at $43,357, with total investments hitting $103,233,360 as of July 2022. The strategy is paying off. They reported a $3.7 million profit in December 2023, followed by a whopping 50% profit announced in March 2024.
El Salvador’s $504 million Bitcoin gamble is paying off, with profits soaring despite the IMF’s constant finger-wagging.
President Bukele isn’t backing down. He’s publicly defended his defiance of the IMF, while the country’s Bitcoin Office confirms they’re still buying—especially during market dips. President Bukele has maintained his stance that Bitcoin acquisitions continue despite significant macroeconomic challenges facing the country. The government’s recent acquisition occurred in two separate transactions, with one BTC purchased initially and five BTC added later. The strategy? Economic growth, pure and simple.
This bold approach continues despite a $1.4 billion IMF loan deal signed in December 2024. The agreement specifically included conditions limiting Bitcoin involvement and pressured El Salvador to halt voluntary BTC purchases. So much for that plan.
El Salvador has made some concessions. In January 2025, they amended the Bitcoin Law, repealing mandatory BTC acceptance by businesses and removing its status as legal tender. They’ve scaled back its use for tax payments too. But the government purchases? Those keep coming.
International reactions remain mixed. The World Bank refused implementation assistance from day one, and the IMF can’t stop complaining about volatility and environmental impact. Meanwhile, crypto firms are flocking to El Salvador. The country’s embrace of Bitcoin demonstrates the advantages of digital scarcity in protecting against currency devaluation.
The economic impact has been substantial. More Salvadorans now have Bitcoin Lightning wallets than bank accounts. Remittances flow more freely, and tourism is surging. Banking access has improved for average citizens.
The message is clear: El Salvador will play by its own rules, IMF be damned.
