El Salvador Adds 240 Bitcoins Since Non-Accumulation Agreement with IMF

Report: According to data from the El Salvador Bitcoin Office, the country's government Bitcoin holdings have reached 6,209 BTC. Since reaching a $1.4 billion loan agreement with the International Monetary Fund (IMF) on December 19, 2024, which included provisions to prevent further accumulation, the country has added 240 BTC. The agreement requires El Salvador to revoke Bitcoin's legal tender status and stop public purchases, but the country continues its strategy of buying 1 BTC daily. Rodrigo Valdes, head of the IMF's Western Hemisphere department, stated that El Salvador maintains compliance through a technical operation of "not increasing holdings in the overall fiscal sector". Blockchain advisor Anndy Lian pointed out that the country might maintain surface-level compliance by purchasing Bitcoin through non-public entities. (Cointelegraph)