Key Takeaways:
El Salvador added more than 13 bitcoin to its national treasury since March 1, continuing regular purchases despite an International Monetary Fund agreement that restricts the country's crypto activities.
"The government remains committed to bitcoin as a strategic reserve asset," the presidential office said in a statement Sunday, confirming the latest acquisition. The purchases demonstrate continuity in El Salvador's bitcoin strategy even as its regulatory framework has shifted under the IMF deal, according to the announcement.
Bitcoin traded near $60,141 as of Sunday, down 52% from its record high of $126,000 reached in October, according to CoinGecko data. The latest purchases bring El Salvador's total holdings to an amount not disclosed in the announcement, though public wallet data tracked by independent monitors shows the government has accumulated bitcoin steadily since adopting it as legal tender in 2021.
El Salvador's continued buying during a bear market — with bitcoin down more than 50% from its peak — signals that sovereign bitcoin adoption may persist even under international financial constraints. The country's willingness to add to its reserves while prices are depressed could encourage other nations considering similar strategies, though the IMF agreement limits how much further El Salvador can expand its exposure.
This article is for informational purposes only and does not constitute investment advice.
