According to a report by Cointelegraph, the International Monetary Fund (IMF) released a report on Tuesday stating that El Salvador has not purchased new Bitcoin since signing a loan agreement in December 2024. The Chivo wallet has not adjusted its Bitcoin reserves, leading the public sector to appear to be accumulating BTC. A letter of intent signed by the President of the Central Bank of El Salvador and the Minister of Finance confirms that the amount of Bitcoin held by the public sector remains unchanged, and measures have been taken to reduce the public sector's role in the Chivo wallet. The El Salvador government signed a $1.4 billion loan agreement with the IMF in December 2024 and agreed to reduce its involvement in Bitcoin projects. In January 2025, El Salvador's legislative body amended the Bitcoin law to make the acceptance of BTC as legal tender voluntary and stopped using taxpayer money to accumulate BTC. However, El Salvador's Bitcoin office claims that the government is accumulating BTC every day. In March, the IMF again notified El Salvador to stop accumulating BTC, but El Salvador President Nayib Bukele countered that he would continue to accumulate BTC daily.

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