In the past week (as of june 2 2025), El Salvador has purchased a total of 7 bitcoins, and 30 in the past 30 days, indicating that it continues to implement the "daily purchase" strategy.
But they borrowed $1.4 billion from the IMF in December last year, so I feel that they used the loan money to buy bitcoins, even though they promised the IMF not to use public funds to buy bitcoins.
Then I have a question, that is, the current bitcoin price is so good, why doesn't El Salvador pledge bitcoins to lending platforms to obtain an annualized rate of return, which is about 6% to 9%, and they have 6188 bitcoins, worth 657,911,721USD, and can earn 59 million USD in interest each year.
How much help does this have for the El Salvadoran economy?
You've raised some interesting points. The idea of using borrowed money to purchase bitcoins, despite promises to the IMF, sounds sketchy. That's a big deal; mixing up funds like that can have serious implications down the line.
Now, about that pledge to lending platforms: it does seem like a missed opportunity! If they have 6188 bitcoins, which is quite a stash, earning 6% to 9% annually could be a smart move. This way, they’d generate revenue without selling their assets.