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El Salvador Bitcoin Accumulation Is “Not Stopping”: Bukele Reaffirms

El Salvador purchased one bitcoin, increasing its reserve total to 6,102 bitcoins, as reported by the National Bitcoin Office.
The International Monetary Fund approved a loan program of $1.4 billion for El Salvador but recommended stopping further bitcoin accumulation.
President Nayib Bukele stated that bitcoin accumulation will not stop, contradicting the IMF's recent report on government bitcoin acquisition.
The IMF has stated that the public sector can no longer acquire bitcoins voluntarily, covering both purchasing and mining.

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Channel News Asia

El Salvador announces more bitcoin purchases, gives IMF assurances

SAN SALVADOR : El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country's strategic reserve to above 6,102 coins, the National Bitcoin Office posted on social media.The bitcoin purchase announcement comes days after the International Monetary Fund board approved a

19 hours ago·Singapore

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Bloomberg

Bukele Plans to Continue Buying Bitcoin in Defiance of IMF

El Salvador’s President Nayib Bukele said his government would continue to buy Bitcoin even after inking a deal with the International Monetary Fund that was expected to halt accumulation of the digital currency.

22 hours ago·United States

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Forbes

El Salvador Bitcoin Accumulation Is “Not Stopping”: Bukele Reaffirms

President Bukele reaffirmed that El Salvador Bitcoin Accumulation will continue despite recent information regarding IMF conditions for granting a $1.4 billion loan.

3 days ago·United States

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TECHTELEGRAPH

Why El Salvador’s Reserves Grew - TECHTELEGRAPH

SAN SALVADOR, EL SALVADOR – NOVEMBER 18: President of El Salvador Nayib Bukele speaks during the … [+] 72nd Miss Universe Competition at Gimnasio Nacional José Adolfo Pineda on November 18, 2023 in San Salvador, El Salvador. (Photo by Hector Vivas/Getty Images) Getty Images With a 40-month, $1.4 billion Extended Fund Facility in place, the IMF restrictions on bitcoin purchases and the Bitcoin policy is now directly tied to El Salvador’s financia…

17 hours ago

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negocios.com

LAST TIME Bukele challenges the IMF: continue buying bitcoins to expand its national reserve - Business TV

LAST TIME Bukele challenges the IMF: it will continue to buy bitcoins to expand its national reserve El Salvador's president, Nayib Bukele, has challenged the International Monetary Fund by announcing that it will continue to buy bitcoins.According to information published by Bloomberg, Bukele plans to continue with the acquisition of cryptocurrency, even after signing an agreement with [...] The entry LAST TIME Bukele challenges the IMF: it w…

20 hours ago

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