El Salvador vs. the IMF: The country keeps buying Bitcoin despite a $1.4B deal restricting it.
- Despite a $1.4B IMF deal restricting Bitcoin purchases, El Salvador keeps stacking sats, now holding 6,101 $BTC (~$527M). Bukele dismisses critics: "Proof of work > proof of whining."
- The agreement demands an end to Bitcoin buys, liquidation of the Fidebitcoin trust, and full financial transparency. Bukele? Completely ignoring it.
- El Salvador is pivoting toward a high-tech future, meeting with a16z’s Marc Andreessen & Ben Horowitz to fuel AI investments.
- To lure tech giants, the government introduced a 0% corporate tax for innovation-focused companies.
- The world’s largest stablecoin issuer, Tether, relocated its HQ to El Salvador, cementing the nation’s crypto-friendly status.