El Salvador Keeps Stacking Sats Despite IMF's $1.4B Warning!

240 BTC Bought Since December, Total Now at 6,209!

Hold onto your hats, crypto fans! El Salvador isn't letting a $1.4 billion IMF agreement slow them down. They've been snatching up Bitcoin like it's going out of style, adding a cool 240 BTC to their stash since December. That's right, they're not just talking the talk; they're walking the walk, daily buying spree and all!

Since December 19 last year, El Salvador has been on a mission, scooping up Bitcoin left and right. Their treasury wallet is now bursting with 6,209 BTC. President Nayib Bukele kicked off this daily buying bonanza back in 2022, and they haven't missed a beat, grabbing one BTC every single day.

The government's not shy about it either. Economy Minister Maria Luisa Hayem spilled the beans in a recent Bloomberg chat, saying asset accumulation is still the name of the game:

"There's a commitment of President Bukele to keep accumulating assets as a way to do precisely that. Bitcoin keeps being an important project. There is an asset accumulation that we're seeing from the government perspective, from the private sector perspective."

But wait, didn't the IMF tell them to cool it with the Bitcoin buying in their December 2024 deal? Yup, they sure did, and they even asked El Salvador to ditch Bitcoin's legal tender status for that sweet $1.4 billion loan.

Here's the kicker: the IMF's now saying El Salvador's still playing by the rules, even with all this Bitcoin buying. Rodrigo Valdes, the big cheese at the IMF's Western Hemisphere Department, spilled that the deal only covers the formal fiscal sector.

So, what's the secret? It looks like El Salvador's pulling off these buys through some slick structures outside the central fiscal sector, keeping everything nice and tidy with the IMF deal.