According to the global financial body:
“Efforts will continue to ensure that the total amount of Bitcoin held across all government-owned wallets remains unchanged, consistent with program commitments, while also securing the unwinding of the public sector’s participation in the Chivo wallet by end-July.”
This directive follows a staff-level agreement that would unlock $120 million for El Salvador as part of a $1.4 billion loan deal.
However, the final approval still depends on the IMF executive board and whether the country meets its policy commitments.
Despite this, the Central American country has aggressively acquired more Bitcoin over the past few months.
For context, the government added at least eight more BTC to its coffers in the past week alone and has shown no sign of slowing down.
Stacy Herbert, who leads the Bitcoin office, reinforced this stance. She said the government is actively shaping the legal and financial infrastructure needed to attract capital by adopting the top crypto.
“We are working to build the robust capital markets needed for an economic miracle to happen: with both our proposed legislation to attract international capital as well as our work establishing the world’s first Strategic Bitcoin Reserve and encouraging a government policy of aggressive bitcoin accumulation.”
