The post El Salvador Defies IMF Pressure, Buys 6 Bitcoins Amid Market Dip appeared first on Coinpedia Fintech News
El Salvador bought 5 more Bitcoins on Sunday, in addition to its usual 1 BTC per day. This purchase follows a previous acquisition of 5 BTC during a market dip. With this new addition, the country’s total Bitcoin holdings have reached 6,111.18 BTC, valued at approximately $504 million.
Meanwhile, this latest purchase coincides with Bitcoin’s recent market decline of approximately 12%, with prices hovering around $80,000.
President Confirms Commitment To BTC
El Salvador’s Bitcoin holdings have grown significantly, from about 5,700 BTC at the start of 2025 to its current total. President Nayib Bukele recently confirmed that the country’s BTC accumulation strategy will continue. In a message to his 7.3 million followers on X, he assured that despite challenges and criticism, El Salvador won’t stop its BTC accumulating strategy now or in the future.
“If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future,” he noted.
El Salvador Buys BTC Despite IMF Pressure
On February 17, the International Monetary Fund (IMF) approved a $1.4 billion loan to El Salvador, with a key condition: the country must scale back its Bitcoin purchases. The loan comes as part of an ongoing effort to stabilize El Salvador’s economy and address fiscal challenges.
The IMF has raised concerns about volatility, fiscal risks, and financial stability in its discussions with El Salvador. In response, the country’s Legislative Assembly passed a bill to adjust its Bitcoin strategy, meeting IMF demands. Despite this pressure, El Salvador continues to buy more Bitcoin, and maintains that its dollar-based economy remains stable alongside the Bitcoin implementation.
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Bitcoin City Airport In Progress
El Salvador is constructing the Bitcoin City Airport to connect Bitcoin City to global destinations. In February, work began on the transportation hub, known as Pacific Airport. A recent video released by the country’s press agency shows President Nayib Bukele laying the foundation for the project. This airport is part of El Salvador’s broader plan to develop Bitcoin City as a major cryptocurrency-driven economic hub.
The Bitcoin City Airport is a key part of El Salvador’s ambitious plans to create Bitcoin City, a tech-forward hub designed to attract cryptocurrency innovation and investment. The project, first announced in 2021 by President Nayib Bukele, is envisioned as a tax-free zone that would utilize Bitcoin as the primary currency for businesses and residents.
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