According to Cointelegraph, the International Monetary Fund (IMF) released a report on Tuesday saying that El Salvador has not purchased new Bitcoin since the signing of the loan agreement in December 2024. Chivo Wallet has not adjusted its Bitcoin reserves, causing the public sector to appear to be accumulating BTC. The letter of intent signed by the governor of the Central Bank of El Salvador and the Minister of Finance confirmed that the amount of Bitcoin held by the public sector remains unchanged and measures are taken to reduce the role of the public sector in Chivo Wallet. The Salvadoran government signed a $1.4 billion loan agreement with the IMF in December 2024 and agreed to reduce its participation in the Bitcoin project. In January 2025, the Salvadoran legislature amended the Bitcoin law to make the acceptance of BTC as legal tender voluntary and stop using taxpayers' 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, and Salvadoran President Nayib Bukele countered that it would continue to accumulate BTC every day.

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