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.
Even before they took the loan, El Salvador have been buying Bitcoin. So we cannot confirm that they are using the loans they secured to buy Bitcoin. The use of the loan will be strictly monitored by IMF to ensure that the country abides by the terms of the loan.
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?
Keeping their funds on a centralised platform is very risky. They will still make good profit it they hodl their coins in their non custodian wallets. The country has a long term plan and is not currently discussing profit margin