El Salvador vows to continue buying Bitcoin despite IMF pressure

El Salvador's President Nayib Bukele buys at least 1 BTC a day despite pressure from the International Monetary Fund
On the 4th (local time), President Bukele announced in a post on X on the 3rd that the IMF had signed an extension agreement to provide El Salvador with a $1.4 billion financial assistance program.
In the process, the IMF said it had asked the public sector not to voluntarily purchase additional Bitcoin. However, President Bukele said, "No, we will not stop," and that El Salvador would not be able to continue to support the IMF.
"Even when the world rejected us and most Bitcoiners left us, we didn't stop," he said.
If so, it is not going to stop now and it will not stop in the future,” he added.
In an official statement released on the 3rd, the IMF announced that El Salvador will stop mining Bitcoin.
It called for restricting the public sector issuance of bonds and other tokenized financial instruments denominated in or linked to Bitcoin.
El Salvador to purchase at least 1 more BTC on the 4th as part of national fiscal strategy
While President Bukele made it clear he would continue purchasing Bitcoin, it remains to be seen whether El Salvador will accept the IMF's other demands.
Meanwhile, El Salvador currently holds a total of 6,101 BTC, which is worth $534.5 million.
According to statistics from the Bitcoin financial data platform BitBo, the number of countries that hold Bitcoin is
Of these, El Salvador holds the sixth-largest amount of Bitcoin after the United States, China, the United Kingdom, Ukraine, and Bhutan.