El Salvador’s Bitcoin stash sits at $618 million despite IMF strings

El Salvador’s bitcoin holdings are valued at about $618 million, though the country’s IMF agreement has constrained further government purchases. Separately, USDT has returned to the Bitcoin network after a decade, expanding stablecoin access for users but not directly changing El Salvador’s holdings. The broader implication is that Bitcoin’s role is evolving both as a sovereign reserve asset and as infrastructure for dollar-denominated transactions, while policy conditions remain a constraint on state accumulation.