El Salvador, known for its strong support of cryptocurrencies, increased its Bitcoin Reserve by acquiring 5 BTC on Saturday. The country has bought over $5 million worth of BTC in the past month to boost its total reserves to approximately 6,055 BTC, valued at more than $606 million.

This decision aligns with El Salvador's efforts to adjust its Bitcoin policies following conditions set by the International Monetary Fund (IMF). The government has been steadily accumulating Bitcoin since declaring it as legal tender in 2021, acquiring around 50.42 BTC in the past month alone.

In December 2024, El Salvador agreed to a $1.4 billion loan from the IMF as part of the Extended Fund Facility (EFF) program. To meet the IMF's requirements, the government has made certain changes to its Bitcoin regulatory framework. These adjustments include allowing businesses the option to accept Bitcoin, ending tax payments in BTC, and phasing out the state-backed Chivo wallet.

Despite these modifications, El Salvador remains committed to its overall Bitcoin strategy. The Director of the National Bitcoin Office, Stacy Herbert, hinted at a plan for accelerated Bitcoin accumulation and emphasized efforts to enhance Bitcoin education and training in the public sector.

The country's favorable stance on Bitcoin has attracted interest from prominent crypto companies. Tether, a stablecoin issuer, relocated its headquarters to El Salvador, citing the favorable regulatory environment. President Nayib Bukele's support for cryptocurrencies persuaded Rumble CEO Chris Pavlovski to consider moving his company to El Salvador as well.