El Salvador continued its Bitcoin 
$92,317 purchases, disregarding the demands of the International Monetary Fund (IMF). The country’s total Bitcoin holdings have reached 6,101, with the portfolio valued at nearly $510 million. This investment strategy conflicts with the financial regulations proposed by the IMF.
Bitcoin Purchases Persist Despite IMF Warnings
The Bitcoin Office of El Salvador announced that the government is maintaining its investment in Bitcoin. Although the usage rate of Bitcoin in the country is reported to be limited, the government is pursuing a long-term investment strategy. Officials argue that Bitcoin will contribute positively to the national economy.
The IMF has highlighted the risks that Bitcoin poses to public finances. The institution has called for a halt to El Salvador’s Bitcoin purchases. Additionally, it demands the discontinuation of the state-supported Chivo wallet and insists on the liquidation of the Fidebitcoin trust fund by July 2025.
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