According to ChainCatcher, despite the government suspending Bitcoin-related activities to obtain a $1.4 billion loan, El Salvador has quietly continued to buy Bitcoin through its Bitcoin office, adding 32 coins last month and currently holding over 6,160 Bitcoin, valued at approximately $584 million.
The IMF confirmed that the country's finance department has fulfilled its "no new purchases" commitment, but the Bitcoin office is "operating outside these fiscal definitions" and circumventing restrictions through "technical loopholes". To unlock IMF funds, El Salvador will cancel Bitcoin as a mandatory payment and tax method starting May 1st. President Bukele remains "committed to the Bitcoin strategy".
