PANews reported on May 11 that according to Cointelegraph, although El Salvador has reached a loan agreement with the International Monetary Fund (IMF), as one of the conditions of the loan agreement, El Salvador stopped using public funds to purchase Bitcoin, but El Salvador continues to hoard Bitcoin as its national cryptocurrency reserve. According to data from the Salvadoran Bitcoin Office, the country has purchased another 7 Bitcoins in the past seven days, bringing its total holdings to 6,173 Bitcoins, worth more than US$637 million.