Short News

El Salvador Buys More Bitcoin Despite IMF Pressure to Pause

Sohrab Khawas28 May 20251 min read

El Salvador has added eight more bitcoins to its holdings, defying the IMF’s push to halt government crypto purchases tied to a $1.4 billion loan deal. The Bitcoin Office announced the move shortly after IMF staff praised the country’s economic reforms during a loan review. While the IMF acknowledged progress in fiscal policy and inflation control, it repeated its call to reduce the government’s involvement in crypto activities. El Salvador now holds nearly 6,200 BTC, valued at over $674 million, showing little sign of backing down.

#Bitcoin

Sohrab Khawas

Author

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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