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El Salvador has increased its holdings by 240 Bitcoins since reaching a non-accumulation agreement with the IMF.
Mars Financial News, data from the Bitcoin Office of El Salvador shows that the country's government bitcoin holdings have reached 6,209 BTC, and since December 19, 2024, a $1.4 billion loan agreement with the International Monetary Fund (IMF), which contains provisions to prevent further accumulation, has increased its holdings by 240 BTC. The agreement requires El Salvador to cancel Bitcoin's fiat status and stop publicly increasing its holdings, but the country still maintains a strategy of buying 1 BTC per day. Rodrigo Valdes, head of the IMF's Western Hemisphere Department, said El Salvador remained compliant through a technical operation of "not increasing the overall fiscal sector". Blockchain advisor Anndy Lian noted that the country may maintain superficial compliance through non-public entity purchases. (Cointelegraph)