El Salvador has made a fresh, sizeable bitcoin acquisition, adding about 1,090 BTC (roughly $100 million) to its national reserve as prices dipped below $90,000 and scrutiny from the International Monetary Fund intensified.
According to a report by CoinDesk, the Central American nation now holds nearly 7,500 BTC, in line with its ongoing strategy of purchasing one bitcoin each day. The move comes despite past IMF conditions tied to the country’s bailout program that discouraged new public-sector bitcoin purchases.
Analysts say the timing of the acquisition reflects both a belief in long-term value and a willingness to take risk during volatility. The purchase was executed as bitcoin traded near its lowest level since April, underscoring El Salvador’s accumulation philosophy.
The transaction also raises questions about how tightly the government is adhering to its IMF commitment. Under its $1.4 billion loan agreement, the IMF expects the public sector to refrain from additional cryptocurrency holdings, yet on-chain data and government disclosures suggest otherwise.
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