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Key Takeaways
- El Salvador resumed its Bitcoin buying strategy, adding 7 BTC worth $661,000.
- The purchase aligns with an IMF agreement, modifying Bitcoin policies in El Salvador.
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El Salvador purchased 7 Bitcoin worth $661,000 today, resuming acquisitions after pausing its daily buying strategy on Feb. 18, according to Arkham Intelligence data.
The Central American nation now holds 6,088 Bitcoin, valued at approximately $558 million at current prices. The country had previously implemented a strategy of purchasing one Bitcoin daily, which began in November 2022.
The halt came amid El Salvador’s recent agreement with the International Monetary Fund (IMF), a 40-month Extended Fund Facility deal expected to attract over $3.5 billion in additional financial support throughout the program period.
As part of the IMF agreement, El Salvador agreed to modify its Bitcoin policies, including making Bitcoin acceptance voluntary for private-sector businesses. The country’s legislature approved amendments to its Bitcoin law in late January 2025 to align with these requirements.
El Salvador has made several large Bitcoin purchases outside of its daily acquisition strategy. In December, following the IMF financing deal, the country added $1 million worth of Bitcoin to its strategic reserves in a single purchase. On February 4, it acquired 11 Bitcoin valued at over $1 million.
Despite earlier speculation that the IMF deal would curtail its Bitcoin strategy, El Salvador’s latest purchase demonstrates continued commitment.
The acquisition occurred when Bitcoin’s price fell below $95,000 following President Trump’s new tariff statement. The flash drop triggered over $950 million in leveraged liquidations across crypto platforms.
At press time, BTC changed hands at around $92,000, down 4% in the last 24 hours, per CoinGecko.
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This article first appeared at Crypto Briefing
