The Salvadoran government announced yesterday that it has reached a loan agreement totaling $1.4 billion with the International Monetary Fund (IMF). In exchange for financial assistance, El Salvador has agreed to compromise on its Bitcoin policy. However, the Salvadoran wallet address increased its holdings by 11 Bitcoins today, accelerating its accumulation pace. (Background: Can El Salvador no longer invest in Bitcoin? Reaching a $1.4 billion loan agreement with the IMF will limit BTC purchases) (Additional context: Salvadoran president shows off: BTC returns over 133%! Are locals profiting?) After years of negotiation, the Salvadoran government announced yesterday that it has reached a 40-month loan agreement totaling $1.4 billion with the IMF. This agreement also unlocks additional loan support from other international financial institutions, including the World Bank, totaling over $3.5 billion in financing. To secure this additional financial aid, El Salvador has agreed to compromise on its Bitcoin policy, including: Making Bitcoin payments by merchants voluntary Gradually stopping government support for the official electronic wallet, Chivo Wallet Tax payments limited to the use of US dollars (the country's official currency) Restricting public sector participation in Bitcoin-related economic activities, and transactions and purchases of Bitcoin will be limited. El Salvador accelerates its accumulation. The agreement still requires approval from the IMF Executive Board, which seems to add obstacles to El Salvador's plan to purchase 1 Bitcoin daily. However, the Salvadoran wallet address completed the purchase of 1 Bitcoin this morning and unusually added 11 Bitcoins worth $1.07 million, seemingly accelerating its accumulation plan, or perhaps believing this dip is a good buying opportunity? The Salvadoran National Bitcoin Office subsequently announced that it has transferred Bitcoin worth $1 million into El Salvador's Strategic Bitcoin Reserve. We just transferred over a million dollars worth of Bitcoin to our Strategic Bitcoin Reserve. pic.twitter.com/4ZrxGw9Od0 — The Bitcoin Office (@bitcoinofficesv) December 20, 2024 Continuing to implement Bitcoin policy. Notably, Stacy Herbert, the director of the Salvadoran National Bitcoin Office, stated yesterday that after reaching a financing agreement of $3.5 billion, El Salvador will continue to implement its Bitcoin policy, including accelerating Bitcoin purchases as part of its Strategic Bitcoin Reserve: Bitcoin remains legal tender El Salvador will continue buying Bitcoin (possibly at a faster pace) to enrich its Strategic Bitcoin Reserve The construction of Bitcoin capital markets will continue, such as recent tokenized issuance of US Treasuries through NexBridge on the Liquid platform, with more announcements regarding Bitcoin capital markets to come The Bitcoin Office will continue to formulate Bitcoin policies and roadmaps, attract investors, and carry out educational programs, including a learning manual for second and third-grade students (Little HODLer Bitcoin and Money) to be launched in January 2025 The professional education program CUBO+ continues to train elite Bitcoin and Lightning Network developers, with over 20 students expected to graduate by the end of January 2025 Educational programs Mi Primer Bitcoin and Node Nation continue to teach Bitcoin-related courses in Salvadoran high schools The Salvadoran International Academy of Public Administration continues to advance its Bitcoin certification program with the goal of training 80,000 public servants Chivo Wallet will be sold or cease operations, but several private sector Bitcoin wallets will continue to serve El Salvador. This is just the beginning... It seems not to be affected by the agreement with the IMF. EL SALVADOR SECURES $3.5 FUNDING DEAL Bitcoin remains legal tender El Salvador will continue buying Bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve Bitcoin capital markets will continue to be built; for example, the recent tokenized issuance... — Stacy Herbert (@stacyherbert) December 19, 2024 With relentless efforts in daily investments, Nayib Tracker data shows that El Salvador currently holds 6,203 Bitcoins, with an average purchase price of $44,955. Compared to the current price of $96,910, the return on investment has reached 115%. Related reports Argentina collaborates with El Salvador to sign a cooperation agreement in the cryptocurrency industry; will it become the next Bitcoin country? El Salvador plans to cancel the mandatory acceptance of BTC payments by businesses: to secure $3.3 billion loans from the IMF and World Bank Pain! The German government sold Bitcoin six months early, losing $2.2 billion; El Salvador's BTC holdings are approaching 6,000 coins "Ignoring IMF restrictions) El Salvador unusually increased its holdings by 11 BTC this morning; will Bitcoin purchasing plans accelerate?" This article was first published by BlockTempo (the most influential blockchain news media).

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