El Salvador Increases Bitcoin Holdings Amid IMF Pressure: Now at 6,190 Bitcoins

On May 28th, data from the Salvadoran Ministry of Finance revealed that El Salvador has further increased its Bitcoin holdings, now totaling 6,190.18 Bitcoins, valued at over $674 million. In just the last week, the nation has added 8 Bitcoins to its reserves, while the monthly increase stands at 30 Bitcoins, continuing its strategy of acquiring 1 Bitcoin daily. This persistent accumulation occurs despite substantial pressure from the International Monetary Fund (IMF), which has urged the country to halt its acquisition of decentralized assets. A significant agreement reached in December 2024 with the IMF secured a $1.4 billion loan but required El Salvador to revoke Bitcoin’s legal tender status, limiting government engagement with cryptocurrency. Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, reiterated on April 27th that El Salvador remains committed to this agreement, focusing on compliance regarding Bitcoin accumulation.