El Salvador’s Bitcoin Office has confirmed a recent purchase of 8 Bitcoin (BTC), valued at $948,392.
This transaction directly contradicts the International Monetary Fund’s (IMF) recent assertion that the government had not made any new Bitcoin acquisitions.
The IMF had previously characterized detected wallet activity as potentially misleading, suggesting El Salvador’s total Bitcoin holdings remain unchanged. The Salvadoran clarification exposes conflicting interpretations of on-chain data.
The news arrives amidst heightened scrutiny of El Salvador’s Bitcoin strategy.
Persistent concerns regarding transparency and compliance with international financial agreements continue to be a point of discussion, underlined by the IMF’s evident skepticism.
Simultaneously, El Salvador is actively pursuing wider domestic adoption.
The government is expanding educational efforts, including initiatives like ‘My First Bitcoin’ and ‘CUBO+’, aiming to bolster national Bitcoin usage.
At present, the Salvadoran government has not issued an official response to the IMF’s specific statement challenging the validity of the recent Bitcoin purchase.