BlockBeats news, on July 20, according to TheBlock, based on a letter signed by the President of the Central Bank of El Salvador and the Minister of Finance, El Salvador has not purchased Bitcoin since February 2025. This letter is part of a recent compliance report from the International Monetary Fund (IMF). This statement contradicts the claims made by President Nayib Bukele and his Bitcoin office, which state that the country's Bitcoin reserves are approximately 6,242 coins, valued at around $737 million, and they still insist on accumulating one Bitcoin daily. Arkham data also supports the record of El Salvador accumulating one Bitcoin daily, with these transfers mostly coming from addresses marked as Binance or Bitfinex hot wallets. The head of their Bitcoin office, Staci Herbert, has previously stated that El Salvador continues to buy Bitcoin, ignoring IMF agreements.
It is worth noting that the IMF compliance report indicates that these transaction records may not represent new purchases, but rather the El Salvador government integrating its existing Bitcoin holdings. The IMF report notes in a footnote: 'The increase in Bitcoin holdings in the Strategic Bitcoin Reserve Fund reflects the government's integration of Bitcoin from multiple holding wallets.'
Currently, the El Salvador Bitcoin office has not commented on this.
