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El Salvador accelerates Bitcoin purchases despite agreement with the IMF
El Salvador does not beat around the bush: while negotiating with the IMF, it continues to accumulate Bitcoin as if nothing is happening. On February 1, the country bought 2 BTC in a single day ( when it usually acquires 1), reaching a total of 6,055 BTC valued at over $612 million.
The most interesting thing is the context: to close the $1.4 billion deal with the IMF, El Salvador had to make the use of Bitcoin voluntary and privatize the Chivo wallet. Basically, it gave up its obsession with forcing the use of BTC… but did not stop buying it.
Numbers speak for themselves:
From Fidelity Digital Assets, they see it clearly: El Salvador is the missing case study for other major nations to enter into FOMO panic and start their own Bitcoin treasury. When Uruguay and Argentina see this, they won't be able to stay still.
The move: El Salvador released the political pressure from the IMF but continues with the underlying strategy. It's like saying “ok, BTC is no longer mandatory”… but the government keeps buying like crazy. Pure state strategy.