Is El Salvador Lying About Bitcoin? Shocking Claim from the IMF!
The IMF reported that El Salvador has not purchased any Bitcoin (BTC) since February 2025, and that the current increases are solely due to transfers between different government wallets.
The International Monetary Fund (IMF) shared a surprising report about El Salvador's Bitcoin reserves. Based on a letter signed by El Salvador Central Bank President Douglas Pablo Rodríguez Fuentes and Finance Minister Jerson Rogelio Posada Molina, the report indicates that the country has halted Bitcoin purchases since February 2025. However, this information clearly contradicts previous statements made by El Salvador President Nayib Bukele.
No Bitcoin purchases, only transfers!
According to the striking detail in the IMF report, the increase observed in Bitcoin reserves in recent months is not from new purchases, but rather from transfers between different wallets owned by the government. This situation strengthens the discussions suggesting that the Bukele administration has misled the international public.
President Bukele stated that despite a $1.4 billion loan agreement with the IMF, he would not stop Bitcoin purchases, boldly claiming, "We did not stop even when the whole world excluded us, and we will not stop now." However, the documents shared by the IMF reveal a serious picture that contradicts Bukele's words.
Stacy Herbert, President of the Bitcoin Office, had previously reacted to the IMF’s claims, stating, "Some Bitcoin supporters trust the IMF's words more than our actions recorded on the Bitcoin blockchain." However, the official IMF report provides strong evidence for claims that El Salvador has misled the public regarding Bitcoin.