El Salvador Buys More Bitcoin Despite IMF Warnings

El Salvador added five more bitcoins to its holdings on Sunday, continuing its daily accumulation strategy. This brings the country’s total Bitcoin reserves to 6,111.18 BTC, now valued at around $504 million. The purchase follows a previous acquisition of five bitcoins during a market dip.

Here’s everything you need to know.

Bitcoin Purchases Continue Amid Market Decline

This latest buy comes as Bitcoin’s price has dropped by about 12%, currently trading around $80,000. Despite the market downturn, El Salvador’s Bitcoin holdings have grown significantly, rising from about 5,700 BTC at the start of 2025.

President Nayib Bukele has reaffirmed the country’s commitment to buying Bitcoin. In a message to his 7.3 million followers on X, he said El Salvador will not stop its accumulation strategy, regardless of external pressure or criticism.

“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.

IMF Pressures El Salvador to Scale Back Bitcoin Strategy

In February, the International Monetary Fund (IMF) approved a $1.4 billion loan for El Salvador, with a condition that the country must reduce its Bitcoin purchases. The loan is part of an effort to stabilize the economy and address fiscal concerns.

The IMF has repeatedly raised concerns about Bitcoin’s volatility and the risks it poses to financial stability. In response, El Salvador’s Legislative Assembly passed a bill adjusting its Bitcoin strategy to meet IMF conditions. However, the country continues adding to its Bitcoin reserves, insisting that its dollar-based economy remains stable alongside Bitcoin adoption.

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Bitcoin City Airport Takes Shape

El Salvador is also moving ahead with its plan to develop Bitcoin City. Construction has started on Bitcoin City Airport, also known as Pacific Airport, which will connect the city to international destinations. A recent video from the country’s press agency showed President Bukele laying the foundation for the project.

Bitcoin City, first announced in 2021, is designed as a tax-free hub focused on cryptocurrency innovation and investment. It aims to create a tech-driven economy where Bitcoin is the primary currency for businesses and residents. The airport is a key step in making this vision a reality.