El Salvador Defies IMF, Adds More Bitcoin to Treasury

El Salvador has quietly purchased 8 more Bitcoin (worth $948,392), reinforcing its commitment to cryptocurrency despite pushback from the IMF.

The Conflicting Reports

✅ El Salvador’s Claim:

• Bought 8 BTC at $118,549 each (July 24)
• Total holdings now: 6,248 BTC (~$740M)

❌ IMF’s Counterclaim:

• No new purchases—just wallet shuffling
• Misleading reporting of internal transfers
• Delayed reserve updates create confusion

Why This Matters

• First country to adopt Bitcoin as legal tender (2021)
• Faces IMF pressure over financial transparency
• Continues Bitcoin education push despite criticism

El Salvador’s Bitcoin Education Push

The government is doubling down on adoption:
📚 Node Nation – Bitcoin courses for high schoolers
🎓 Bitcoin Diploma – Formal crypto education
💻 CUBO+ – Tech talent development
🏛 ESIAP – Training 80,000+ civil servants

The Bigger Picture

While transparency concerns remain, El Salvador is staying the course on Bitcoin—proving its strategy goes beyond just holding BTC.