Bukele has long framed Bitcoin as a tool for financial inclusion, arguing it could benefit the 70% of Salvadorans without access to traditional banking services.
Businesses were previously required to accept the cryptocurrency, a policy that met resistance from retailers wary of volatility.
Despite IMF pressure to limit Bitcoin’s role, the government has signaled it will continue accumulating Bitcoin.
Bukele’s administration has been buying Bitcoin daily since late 2022, using a dollar-cost averaging strategy.