PANews reported on March 5 that according to CoinDesk, El Salvador, under the leadership of its president Nayib Bukele, apparently has no intention of stopping accumulating Bitcoin, no matter what the International Monetary Fund (IMF) asks. Bukele posted on the X platform that El Salvador will not stop accumulating Bitcoin: "When the whole world rejected us and most of the 'Bitcoin believers' abandoned us, it did not stop, it will not stop now, and it will not stop in the future. Proof of Work is greater than Proof of Complaint."

Soon after Bukele’s social media post, the IMF released more details of its $3.5 billion loan agreement with the Latin American country. The IMF claimed that as part of the loan package, it had banned “voluntary accumulation of Bitcoin by the public sector.” Perhaps in response to the IMF’s post, El Salvador disclosed late Monday night that it had purchased 19 Bitcoins in the past seven days, and then disclosed on Tuesday afternoon that it had purchased an additional coin on top of that. The Salvadoran government currently holds 6,101.15 Bitcoins, which is worth about $530 million at Bitcoin’s current price of about $88,000.