The government of El Salvador remains steadfast in its accumulation of Bitcoin (BTC) for its national crypto reserve, despite the stipulations of an ongoing deal with the International Monetary Fund (IMF). Recent data from the El Salvador Bitcoin Office reveals that the country acquired an additional seven BTC in the last week, bringing its total holdings to 6,173 BTC valued at over $637 million. El Salvador’s Bitcoin Office continues its consistent pace of acquisitions, defying the IMF agreement signed months ago. As one of the few countries actively purchasing Bitcoin in open market operations, El Salvador’s national Bitcoin treasury strategy sets a precedent for other nations considering strategic Bitcoin reserves, according to industry experts. The country signed a $1.4 billion loan agreement with the IMF in December 2024, agreeing to rescind its Bitcoin legal tender law and make Bitcoin payments voluntary. The deal also required El Salvador to scale back its Bitcoin accumulation and privatize the Chivo Wallet funded by the public. Despite lawmakers repealing the Bitcoin legal tender law in January 2025, Bitcoin acquisitions have not slowed down. The IMF has repeatedly urged El Salvador to halt its Bitcoin purchases, but President Nayib Bukele has pushed back, affirming the country’s commitment to continue acquiring BTC. Bukele emphasized that the country’s Bitcoin purchases will not cease, even under pressure from the IMF. This defiance against IMF pressure showcases El Salvador’s determination to uphold its Bitcoin acquisition strategy.