IMF deemed El Salvador's bitcoin program not secure enough

El Salvador has been actively buying bitcoin since 2021, and has been mining the cryptocurrency as part of the government's Volcano Energy initiative, which uses geothermal sources as energy.

The official state bitcoin address holds about 5.85 thousand BTC ($330 million).

And the average purchase price of the coin was about $43.7 thousand. Thus, the unrealized profit from bitcoin investments amounts to about 30%.