El Salvador ignores IMF pressure and continues to accumulate Bitcoin

According to BlockBeats, on May 28th, according to the website of the Salvadoran Ministry of Finance, Salvador increased its holdings of one Bitcoin this morning. Currently, it holds 6190.18 Bitcoin with a value of over 674 million US dollars. I have increased my holdings of 8 bitcoins in the past 7 days and 30 bitcoins in the past 30 days, while still maintaining my daily plan of buying 1 bitcoin. It is worth noting that in recent months, the International Monetary Fund (IMF) has been pressuring El Salvador to stop accumulating decentralized value storage assets. In December 2024, El Salvador reached an agreement with the IMF to obtain a $1.4 billion loan. As part of the agreement, El Salvador agreed to cancel the legal tender status of Bitcoin in the country and reduce public sector participation in Bitcoin. On April 27th, Rodrigo Valdes, Director of the Western Hemisphere Department of the IMF, stated at the spring meeting press conference that El Salvador is still adhering to its commitment to no longer accumulate Bitcoin in the overall fiscal sector, which is a key performance indicator reached between the country and the IMF.