In keeping with the Worldwide Financial Fund (IMF)’s first program assessment report revealed on July 15, the federal government of El Salvador has not made any new Bitcoin purchases since February 2025.
This data was revealed in an official letter signed by the nation’s Central Financial 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 “haven’t modified.” Hooked up paperwork observe that the nation’s cold and warm pockets addresses have been handed over to the IMF for auditing and monitoring functions.
This assertion clearly contradicts earlier statements by President Nayib Bukele and El Salvador’s Bitcoin Workplace, which claimed that 1 BTC has been bought every day since November 2022. The Bukele administration claims that the nation’s BTC reserves have reached roughly 6,242 BTC, value round $737 million. Blockchain evaluation agency Arkham additionally supplied on-chain knowledge confirming every day transfers of 1 BTC from wallets labeled Binance and Bitfinex.
Nevertheless, the IMF report means that these transfers will not be new purchases, however reasonably a consolidation of current Bitcoin holdings in authorities wallets. A footnote within the report states, “Will increase within the Strategic Bitcoin Reserve Fund are as a result of consolidation of Bitcoins held in several authorities wallets.”
President Bukele has repeatedly acknowledged that they’ll proceed to purchase Bitcoin, regardless of reaching a $1.4 billion mortgage settlement with the IMF. In a put up on social media platform X, he stated, “Even when the world ostracized us and plenty of deserted us, these purchases did not cease; they will not cease now, they usually will not cease sooner or later.”
Stacy Herbert, director of the Bitcoin Workplace, argued in a March put up on X that El Salvador continued to purchase Bitcoin regardless of the IMF settlement. Herbert stated, “Some ‘Bitcoin’ supporters are counting on the IMF’s phrase reasonably than El Salvador’s purchases recorded on the Bitcoin blockchain.”
*This isn’t funding recommendation.
