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El Salvador added 1,090 BTC, its largest single day acquisition
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Total holdings now sit at 7,474 BTC
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Purchase raises questions due to IMF restrictions
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Government officials previously claimed no BTC had been bought since February
Record Purchase During Market Dip
El Salvador acquired 1,090 BTC on Monday evening, worth roughly 100 million dollars. The country’s Bitcoin Office posted the transaction details publicly, showing the purchase occurred as Bitcoin fell below 90,000 dollars, marking its lowest level since April. President Nayib Bukele has continued a long standing strategy of buying Bitcoin during market weakness.
The new purchase brings El Salvador’s total holdings to 7,474 BTC, valued around 676 million dollars.
IMF Loan Requirements Complicate the Picture
Despite the announcement on X, questions remain about whether the government is allowed to buy new Bitcoin. El Salvador’s 1.4 billion dollar loan agreement with the IMF requires the public sector to halt new BTC purchases. In July, senior finance officials claimed that the country had not acquired Bitcoin since February, suggesting the recent holdings may reflect internal wallet reorganizations instead of new market buys.
The IMF echoed this idea, saying increases in reserves likely come from consolidation across government controlled wallets.
Continuing a Controversial Strategy
Bukele has stated repeatedly that the country will continue accumulating Bitcoin regardless of outside pressure. The head of the Bitcoin Office, Stacy Herbert, previously said El Salvador ignores IMF guidance and continues stacking BTC in line with its long term strategy.
Whether Monday’s 1,090 BTC was a true market purchase or a wallet consolidation remains unclear, but the move aligns with the government’s pattern of adding Bitcoin whenever price volatility increases.
