BlockBeats News, May 18th. According to data from the Salvadoran Ministry of Finance website, El Salvador once again increased its Bitcoin holdings this morning, currently holding 6180.18 Bitcoins, worth over $638 million. In the last 7 days, they have acquired 8 Bitcoins, and in the last 30 days, they have acquired 31 Bitcoins, still maintaining their plan to buy 1 Bitcoin daily.
Of note, in recent months, the International Monetary Fund (IMF) has pressured El Salvador to stop accumulating the decentralized value storage asset. In December 2024, El Salvador reached an agreement with the IMF to receive a $1.4 billion loan. As part of the agreement, El Salvador agreed to rescind Bitcoin's legal tender status in the country and reduce the public sector's involvement with Bitcoin. On April 27th, Rodrigo Valdes, Director of the IMF's Western Hemisphere Department, stated during a Spring Meeting press conference that El Salvador continues to abide by the commitment to no longer accumulate Bitcoin in its overall public sector, a key performance criterion of the country's agreement with the IMF.
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