El Salvador, which made history in 2021 by recognizing Bitcoin as legal tender, continued accumulating BTC in 2025.
As BTC accumulation continues, the country reached a loan agreement with the International Monetary Fund (IMF) in the early months of the year.
In exchange for a $1.4 billion loan, the IMF sought to impose a number of restrictions on El Salvador, including a reduction in Bitcoin purchases. As part of the agreement, El Salvador agreed to make Bitcoin adoption voluntary for businesses and to scale back direct public sector intervention, including in areas such as tax payments and the government’s role in crypto infrastructure.
As negotiations between the IMF and El Salvador regarding Bitcoin continue, the IMF has announced that it is also in talks with El Salvador to mitigate Bitcoin risks.
In this regard, the IMF announced yesterday in an official statement that it is working with El Salvador on an agreement to reduce the financial risks and increase transparency related to the country’s adoption of Bitcoin.
The IMF stated that the discussions focused on strengthening transparency and protecting the public interest regarding El Salvador’s BTC projects.
The statement indicated that negotiations regarding the sale of Chivo, a digital wallet owned by the El Salvadoran government, were progressing.
The IMF also praised El Salvador for its continued economic growth in its statement.
According to the IMF, El Salvador’s economy is growing at a faster pace than expected. The IMF stated that record levels of remittances, improved investor confidence, and robust investment will help the country achieve 4% real GDP growth by 2025.
El Salvador has been buying one Bitcoin daily since November 18, 2022, and according to Arkham data, the country currently holds 7,509 BTC.
*This is not investment advice.
