El Salvador Defies IMF Restrictions with New $100M Acquisition as Bitcoin Dips 4%
The post El Salvador Defies IMF Restrictions with New $100M Acquisition as Bitcoin Dips 4% appeared on BitcoinEthereumNews.com.
TLDR El Salvador adds 1,090 BTC worth $100M, bringing its total holdings to 7,474 BTC. The purchase occurs while Bitcoin’s price drops 4.92%, settling at $90,999. El Salvador has been buying Bitcoin daily since November 2022, despite IMF restrictions. The IMF’s $1.4 billion loan agreement with El Salvador restricts public sector Bitcoin purchases. The price of Bitcoin fluctuates between $95K and $90K, showing a downward trend in the market. El Salvador has made its largest Bitcoin purchase to date, adding 1,090 BTC worth approximately $100 million. This acquisition, announced by the country’s Bitcoin Office on Monday evening, raises El Salvador’s total Bitcoin holdings to 7,474 BTC, valued around $676 million. Despite restrictions in place from the International Monetary Fund (IMF), El Salvador continues its aggressive Bitcoin acquisition strategy, drawing attention and concern from financial experts. El Salvador’s Commitment to Bitcoin Despite IMF Restrictions Since November 2022, El Salvador has been purchasing Bitcoin regularly, following a policy of buying at least one BTC daily. The most recent purchase of 1,090 BTC occurred when Bitcoin’s price dropped below $90,000, marking its lowest value since April. This strategic move to buy during market downturns is part of El Salvador’s broader plan to expand its Bitcoin reserves. The president shared a screenshot via his official X page confirming the purchase. Despite the volatile market, President Nayib Bukele remains resolute in his commitment to Bitcoin. Bukele shared the purchase on social media, further emphasizing the government’s dedication to this digital asset strategy. However, the acquisition raises concerns regarding El Salvador’s compliance with its $1.4 billion loan agreement with the IMF. Bukele’s Bitcoin Strategy Under IMF Scrutiny The IMF’s loan agreement with El Salvador includes explicit restrictions on the purchase of Bitcoin by the public sector. These restrictions directly conflict with the country’s ongoing Bitcoin buying…
Filed under: News - @ November 18, 2025 9:21 am