The Minister of Finance of El Salvador stated in a letter to the IMF that no Bitcoin has been purchased since February, contradicting the government's claims.

According to news from Hash World, two senior finance officials from El Salvador stated in a letter to the International Monetary Fund (IMF) that the country has not purchased any Bitcoin since signing the financing agreement in February 2025. This statement contradicts the public claims made by President Bukele and the Bitcoin Office, who previously stated that the government buys one Bitcoin every day. On July 15, the IMF mentioned in its project review that the 'amount of Bitcoin held by the public sector remains unchanged.' Additionally, El Salvador provided the IMF with the addresses of all hot and cold wallets for review and monitoring. Nevertheless, since President Bukele's announcement in November 2022, the government has repeatedly claimed that it purchases one Bitcoin daily. According to the Bitcoin Office, El Salvador's Bitcoin reserves are approximately 6,242, worth about $737 million. Blockchain intelligence firm Arkham supports this claim of daily purchases, stating that transfers mainly come from addresses marked as Binance or Bitfinex hot wallets. President Bukele previously stated that despite the IMF agreement providing El Salvador with a $14 billion loan that requires a reduction in Bitcoin activities, the country will not stop purchasing Bitcoin.