Share this article
El Salvador's Bukele Says Bitcoin Purchases Won't Stop Due to IMF Deal
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
Mar 4, 2025, 9:11 p.m.
What to know:
- El Salvador's President said the country will keep accumulating bitcoin.
- The IMF's $3.5 billion deal with El Salvador includes Bitcoin-related reforms, one of which — according to the IMF — prohibits further accumulation of tokens by the government.
- "Proof of work > proof of whining," said Bukele after the country purchased additional bitcoin.
Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin no matter what the IMF demands.
"'This all stops in April.' 'This all stops in June.' 'This all stops in December.' No, it’s not stopping," Bukele posted on X on Tuesday afternoon. "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. Proof of work > proof of whining."
STORY CONTINUES BELOW
Bukele's social media post came shortly after the International Monetary Fund (IMF) published more details about its $3.5 billion deal with the Latin American nation. The IMF claimed as part of the loan package to have imposed a prohibition of "voluntary accumulation of bitcoin by the public sector."
Perhaps in response to the IMF posting, or perhaps not, El Salvador late Monday night disclosed the purchase of 19 bitcoin over the previous seven days and then on Tuesday afternoon disclosed the purchase of one additional token on top of that.
The IMF news drew a number online howls by bitcoiners, including from Samson Mow, who has at least previously been close to President Bukele.
"No more #Bitcoin buys for El Salvador," said Mow earlier on Tuesday. "The buys will all stop within a few months," he said later after the country did indeed make an additional purchase.
The Salvadoran government currently holds 6,101.15 bitcoin, worth roughly $530 million at bitcoin's current price of around $88,000.
"The message is not just important — it's a catalyst for monumental change. Thanks [Nayib Bukele]," Juan Carlos Reyes, president of El Salvador's National Commission on Digital Assets (CNAD), posted on X, linking back to Bukele's post.
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules
The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.
What to know:
- The Commodity Futures Trading Commission granted several prediction-market firms certain regulatory leeway in meeting derivatives rules, suggesting they won't get into enforcement trouble if they do business as intended.
- The no-action letters went to Polymarket, PredictIt, Gemini and LedgerX/MIAX.
Top Stories
