El Salvador ignores IMF protocol and continues to buy Bitcoin daily, with the treasury now holding over 6200 coins.

On June 16, despite reaching an agreement with the International Monetary Fund (IMF) in December 2024 to no longer increase holdings of Bitcoin, the Central American country of El Salvador continues to purchase Bitcoin daily.

El Salvador is the first country in the world to make Bitcoin legal tender. According to data from the El Salvador Bitcoin Office, since December 19, 2024 (after the IMF protocol was announced), the country has purchased an additional 240 Bitcoins, bringing the total holdings of the government's treasury wallet to 6,209 Bitcoins (current price approximately $106,658 per coin).

In December 2024, El Salvador reached a $1.4 billion loan agreement with the IMF, which included a provision requiring the country to abandon Bitcoin's status as legal tender and to cease government-led Bitcoin purchases.

However, since the "one Bitcoin a day" strategy proposed by President Nayib Bukele in 2022, the country continues to carry out this daily purchasing plan. When asked about this, Rodrigo Valdes, Director of the IMF's Western Hemisphere Department, stated at a press conference on April 26, 2025, that the country technically still complies with the protocol: "El Salvador continues to fulfill its commitment not to increase Bitcoin holdings across the entire fiscal sector."

Blockchain consultant Anndy Lian stated: "The IMF's 'flexible interpretation' of the protocol indicates that these purchases may involve non-public sector entities or reclassified assets, thereby technically maintaining compliance."

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