El Salvador’s President Nayib Bukele denied a report by El País claiming the federal government had transferred management of its state Bitcoin reserves, exceeding 7,763 BTC, to a personal operator.
Bukele’s objection is predicated on an interpretation of the wording within the Worldwide Financial Fund’s (IMF) latest assertion concerning El Salvador. In accordance with the IMF, the entity whose majority stake and operational management has been transferred to a personal operator isn’t El Salvador’s strategic Bitcoin reserves, however the government-backed Chivo pockets.
The IMF beforehand said that El Salvador had submitted paperwork displaying that all the Bitcoin it had gathered since its first Prolonged Funds Facility (EFF) evaluate on June 27, 2025, got here from non-public donations. The establishment said that no public funds had been used for Bitcoin purchases throughout that interval and that no further Bitcoin accumulation past the documented donations was anticipated.
The announcement got here after an IMF delegation reached an settlement with El Salvador to mix the second and third critiques of the EFF program. Topic to approval by the IMF Government Board and achievement of the agreed preconditions, El Salvador is anticipated to achieve entry to roughly $140 million in further financing.
*This isn’t funding recommendation.
