• About
  • FAQ
  • Privacy Policy
CryptoSavvyHub - The Hub for All Things Crypto
Advertisement
  • Home
  • Education
    • Education – Getting Started
    • Education – Tutorials and How-to Guides
    • Education – Advanced Topics
  • Earn
  • Reviews
  • Glossary
  • Contact
No Result
View All Result
  • Home
  • Education
    • Education – Getting Started
    • Education – Tutorials and How-to Guides
    • Education – Advanced Topics
  • Earn
  • Reviews
  • Glossary
  • Contact
No Result
View All Result
CryptoSavvyHub - The Hub for All Things Crypto
No Result
View All Result
Home Bitcoin

El Salvador Keeps Buying Bitcoin Despite IMF Deal

Morgan Blockwell by Morgan Blockwell
June 21, 2025
in Bitcoin
0
15
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

El Salvador keeps adding Bitcoin to its treasury, even though a deal with the IMF warned against it.

  • El Salvador bought 240 BTC since signing a $1.4B IMF loan deal.
  • The government now holds over 6,200 Bitcoin.
  • Crypto remittance payments to El Salvador have dropped by 44.5% in 2025.

El Salvador’s Bitcoin Strategy Continues

El Salvador has not stopped purchasing Bitcoin after signing a $1.4 billion loan deal with the International Monetary Fund (IMF) in December 2024. The country has bought 240 BTC since December 19, even though the agreement asked them to stop adding Bitcoin to public funds.

The total Bitcoin held by the country now stands at 6,209 BTC, according to the El Salvador Bitcoin Office. President Nayib Bukele started the “one Bitcoin per day” plan in 2022 and has kept it going.

IMF Responds to Bitcoin Purchases

Rodrigo Valdes, IMF director for the Western Hemisphere, said El Salvador is still following the loan terms. He explained that the government is not using public funds from the main fiscal sector to buy Bitcoin. This means El Salvador is still “technically” following the agreement.

Experts suggest the country may be buying Bitcoin using other entities outside the fiscal sector. This could include state-run wallets or companies. This method keeps El Salvador’s Bitcoin image strong while still getting IMF support.

Crypto Remittances Are Falling

While Bitcoin buying continues, crypto remittance payments to El Salvador have dropped. In the first quarter of 2025, crypto transfers to the country fell by 44.5% compared to the same time in 2024.

According to the Central Reserve Bank, people sent only $16 million in crypto remittances in Q1 2025. That’s down from $28.3 million the year before. Crypto payments now make up just 0.52% of all remittances, compared to 1.08% last year. This shows that fewer people are using cryptocurrency to send money home.

What This Means

El Salvador is balancing its Bitcoin strategy with international finance rules. The IMF deal does not fully prevent crypto activity, as long as it is done through other means. Still, falling crypto remittances show that public use of these tools may be slowing down.

Source: cointelegraph.com

Tags: bitcoin treasury purchasescrypto remittances 2025el salvador bitcoinimf bitcoin restrictionsnayib bukele bitcoin plan

Related Posts

Bitcoin Faces a Risk Zone at $105K, Says Analyst

by Morgan Blockwell
August 6, 2025
0

Analysts point to $105K as a key level where Bitcoin could see increased market risk. Bitcoin metrics show pressure building...

Cango Boosts Bitcoin Mining, Now Holds Over $500M in BTC

by Morgan Blockwell
August 5, 2025
0

China-based Cango has increased Bitcoin output after shifting from auto financing to crypto mining. Cango mined 650.5 BTC in July,...

Coinbase Plans $2B Note Sale to Possibly Buy More Bitcoin

by Morgan Blockwell
August 5, 2025
0

Coinbase may use funds from a $2 billion note sale to grow its Bitcoin holdings and expand its business. The...

Could Bitcoin Reach $1 Million? Experts and Data Say It’s Possible

by Morgan Blockwell
July 30, 2025
0

Bitcoin's price is climbing, and some believe it could hit $1 million. Here's what would need to happen. Bitcoin reached...

Bitmain to Open First U.S. Bitcoin Mining Chip Factory

by Morgan Blockwell
July 29, 2025
0

Bitmain plans its first U.S. factory to speed up chip delivery and local service for Bitcoin miners. Bitmain will open...

Load More
  • Trending
  • Comments
  • Latest
Illustration showing decentralized finance (DeFi) lending process with crypto wallets, smart contracts, and interest earnings.

Comprehensive Guide to DeFi Lending in 2025: How to Lend Crypto Assets Effectively and Safely in the Decentralized Finance Space

June 16, 2025
A visually engaging representation of blockchain networks or digital coins illustrating the concept of passive income

Passive Income in DeFi: Strategies, Risks, and Opportunities (2025)

June 16, 2025
How to Safeguard Your Cryptocurrency Assets (1140 x 760 px)

How to Safeguard Your Cryptocurrency Assets

June 16, 2025
How to choose your first Crypto Wallet Article Hero Image - 1140 x 760 (1)

How to Choose Your First Cryptocurrency Wallet

June 16, 2025
How to choose your first Crypto Wallet Article Hero Image - 1140 x 760 (1)

How to Choose Your First Cryptocurrency Wallet

0
Hero Image Article - What is Cryptocurrency An Introduction to Digital Money

What is Cryptocurrency? An Introduction to Digital Money

0
How to Safeguard Your Cryptocurrency Assets (1140 x 760 px)

How to Safeguard Your Cryptocurrency Assets

0
illustration of interconnected nodes forming a digital network, with binary code and a glowing blockchain ledger at the center, symbolizing transparency and security

A Beginner’s Guide to Blockchain Technology

0

Bitcoin Price Stuck in Narrow Range, Possible Breakout Ahead

August 6, 2025

Bitcoin Faces a Risk Zone at $105K, Says Analyst

August 6, 2025

BDACS Launches Institutional XRP Custody in South Korea

August 6, 2025

Cango Boosts Bitcoin Mining, Now Holds Over $500M in BTC

August 5, 2025
ADVERTISEMENT
Header Logo - CryptoSavvyHub (360 x 100 px)

Stay Informed. Stay Savvy. Master the Crypto World.

Cryptosavvyhub.com delivers the latest crypto news, expert insights, and exclusive deals to help you thrive in the fast-paced world of digital currencies. Stay ahead with us.

Categories
  • Advanced Topics
  • AI & Crypto
  • Altcoins
  • Bitcoin
  • DeFi
  • Earn
  • Education
  • Ethereum
  • Getting Started
  • Market Analysis
  • News
  • News
  • Regulation
  • Regulation
  • Reviews
  • Tutorials and How-to Guides
Tags
bitcoin-price bitcoin etf Cryptocurrency Crypto Security Ethereum genius act institutional-investment sec stablecoin regulation xrp
  • About
  • FAQ
  • Privacy Policy
  • Contact

© Copyright 2025 – CryptoSavvyHub

No Result
View All Result
  • Home
  • Education
    • Education – Getting Started
    • Education – Tutorials and How-to Guides
    • Education – Advanced Topics
  • Earn
  • Reviews
  • Glossary
  • Contact

© Copywrite 2025 - CryptoSavvyHub