El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) signed in December last year, that included provisions discouraging further accumulation, according to CoinTelegraph. The government’s treasury wallet currently holds 6,213 Bitcoin, having added 240 BTC since Dec. 19, 2024, after the IMF deal was announced, according to data from El Salvador’s Bitcoin Office.
In December, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin’s status as a legal tender and stop its public BTC accumulation. Still, the country has continued buying one BTC per day, a strategy introduced by President Nayib Bukele in 2022.
While El Salvador’s Bitcoin accumulation appears unaffected, cryptocurrency remittance payments to the country fell sharply in 2025. Cryptocurrency transfers to Salvadoran wallets fell by 44.5% during the first quarter of the year from the same period last year, according to data from the Central Reserve Bank shared by Diario, a local media news outlet.
Crypto remittance payments fell to $16 million in the first quarter of 2025, representing 0.52% of total remittances received in the country, a $12.8 million decline from the $28.3 million received in the first quarter of 2024, when crypto payments accounted for 1.08% of total remittances.
Banking 4.0 – „how was the experience for you”
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