El Salvador continues its Bitcoin investments despite a non-accumulation deal with the IMF, as of June 16, 2025. The country's actions have global implications, showcasing a divergence from the IMF's recommendations.
El Salvador's treasury wallet currently holds 6,209 Bitcoin (BTC) after acquiring 240 BTC since December 19, 2024, following the IMF deal announcement (Source: Cointelegraph). The IMF deal, a $1.4 billion loan, included provisions discouraging further Bitcoin accumulation.
Despite the agreement, El Salvador has maintained its strategy of buying one BTC per day, initiated in 2022. The IMF's director of the Western Hemisphere Department stated that the country remains technically compliant.
Cryptocurrency remittance payments to El Salvador fell sharply in 2025. Cryptocurrency transfers to Salvadoran wallets decreased by 44.5% during the first quarter of 2025 compared to the same period last year (Source: Cointelegraph). Crypto remittance payments fell to $16 million in the first quarter of 2025, a $12.8 million decline from the $28.3 million received in the first quarter of 2024.