El Salvador has not purchased additional Bitcoin since signing the financial agreement with the IMF in February 2025.
Information from an official letter sent by two senior financial officials of El Salvador to the IMF confirms that the amount of Bitcoin held by the state has not changed, contrary to the statements of the President and the Bitcoin Office.
MAIN CONTENT
El Salvador has not purchased Bitcoin since the IMF agreement in February 2025.
The government announces Bitcoin reserves of over 6,200 BTC, equivalent to 737 million USD.
The IMF has been provided with complete addresses of cold and hot wallets for monitoring.
Does El Salvador buy Bitcoin after the agreement with the IMF?
According to the official report from the IMF's first assessment project on July 15, 2025, El Salvador has not made any additional Bitcoin purchases since signing the financial agreement with the IMF in February 2025. This information was confirmed through a letter sent by two senior financial officials of the country, published by a reputable media outlet.
"The amount of Bitcoin owned by the public sector has remained unchanged since the agreement with the IMF."
Excerpt from the official letter sent by two senior financial officials of El Salvador to the IMF, July 2025
In the attached document, El Salvador also provides the full addresses of cold and hot wallets so that the IMF can closely monitor and supervise the state's digital assets. This creates a high level of transparency in managing and tracking publicly held Bitcoin.
What is the statement from President Nayib Bukele and the Bitcoin Office regarding Bitcoin purchases?
Despite information from the IMF denying it, President Nayib Bukele and the Bitcoin Office continuously assert that the country is still regularly purchasing Bitcoin, one coin per day, with current reserves of approximately 6,242 BTC, equivalent to nearly 737 million USD at current market prices.
These figures are supported by chain analysis data provided by Arkham, showing that daily Bitcoin purchases typically originate from hot wallets linked to Binance or Bitfinex exchanges.
"Even with a loan of 1.4 billion USD from the IMF, El Salvador has no intention of stopping Bitcoin purchases."
Statement by President Nayib Bukele, 2024
What does it mean for El Salvador to provide wallet addresses to the IMF?
El Salvador provides the addresses of the hot and cold wallets held by the country to facilitate the IMF's monitoring, tracking, and accurate assessment of the amount of Bitcoin in public assets. This elevates the transparency standards for managing digital assets for a nation at the forefront of adopting Bitcoin as legal tender.
This is also an important step to balance the controversies between internal statements and assessments from the international financial organization, while helping to control potential risks from cryptocurrency volatility in the national financial plan.
Benefits and challenges of El Salvador adopting Bitcoin as a public asset
According to financial experts, El Salvador's determination to buy Bitcoin and integrate it into national reserves could create opportunities to increase the national asset value in the long term, but it also brings significant risks due to the high volatility of the cryptocurrency market.
A report from the World Bank suggests that transparency and strict supervision of digital assets will mitigate negative impacts and increase confidence among international partners participating in this new financial system.
Frequently Asked Questions
How much Bitcoin has El Salvador purchased to date?
The Bitcoin Office of El Salvador states that the current reserves are about 6,242 BTC, equivalent to approximately 737 million USD.
Does the IMF accept El Salvador's purchase of Bitcoin?
The IMF has requested El Salvador to stop purchasing Bitcoin in the financial agreement, according to a letter confirming that the amount of Bitcoin has not increased since February 2025.
Why does El Salvador provide wallet addresses to the IMF?
To ensure transparency, supervision, and examination of digital assets, El Salvador shares hot and cold wallet addresses with the IMF.
What does President Bukele say about stopping Bitcoin purchases?
The President asserts that despite having a loan agreement with the IMF, the country will not stop purchasing Bitcoin.
How does purchasing Bitcoin affect national finances?
This could increase asset value but also carries risks due to the volatility of the cryptocurrency market.
Source: https://tintucbitcoin.com/el-salvador-ngung-mua-bitcoin-tu-thang-2/
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