In step with the World Monetary Fund (IMF)’s first program evaluation document printed on July 15, the chief of El Salvador has no longer made any unique Bitcoin purchases since February 2025.
This knowledge change into once revealed in an official letter signed by the country’s Central Monetary institution President, Douglas Pablo Rodríguez Fuentes, and Finance Minister, Jerson Rogelio Posada Molina, and submitted to the IMF.
The letter states that El Salvador’s public sector Bitcoin holdings “accumulate no longer modified.” Hooked up paperwork video display that the country’s chilly and warm pockets addresses had been handed over to the IMF for auditing and monitoring purposes.
This assertion clearly contradicts old statements by President Nayib Bukele and El Salvador’s Bitcoin Establish of business, which claimed that 1 BTC has been purchased day to day since November 2022. The Bukele administration claims that the country’s BTC reserves accumulate reached roughly 6,242 BTC, price spherical $737 million. Blockchain prognosis company Arkham also equipped on-chain knowledge confirming day to day transfers of 1 BTC from wallets labeled Binance and Bitfinex.
Nevertheless, the IMF document means that these transfers are no longer unique purchases, however moderately a consolidation of existing Bitcoin holdings in executive wallets. A footnote within the document states, “Increases within the Strategic Bitcoin Reserve Fund are due to the the consolidation of Bitcoins held in moderately lots of executive wallets.”
President Bukele has over and over said that they are going to proceed to buy Bitcoin, irrespective of reaching a $1.4 billion loan agreement with the IMF. In a put up on social media platform X, he said, “Even when the enviornment ostracized us and many abandoned us, these purchases didn’t finish; they’ll also no longer finish now, and they’ll also no longer finish in due direction.”
Stacy Herbert, director of the Bitcoin Establish of business, argued in a March put up on X that El Salvador persevered to buy Bitcoin irrespective of the IMF agreement. Herbert said, “Some ‘Bitcoin’ supporters are counting on the IMF’s observe as a substitute of El Salvador’s purchases recorded on the Bitcoin blockchain.”
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