IMF Report Exposes El Salvador’s Bitcoin Strategy Clash

Key Points

1. The IMF report states that no new Bitcoin purchases were made by El Salvador since the IMF financing agreement in February 2025, despite President Nayib Bukele's claims of continuous acquisitions.

2. El Salvador's Bitcoin Office claims ownership of approximately 6,242 BTC, valued at around $737 million, but IMF data suggests these may be transfers from exchanges rather than new purchases.

3. Stacy Herbert of the Bitcoin Office argues that some trust El Salvador's Blockchain records over the IMF's reports, maintaining that new acquisitions have occurred.

4. The IMF agreement, which secured a $1.4 billion loan, requires monitoring of El Salvador's Bitcoin reserves, with the report indicating no fresh buys since the agreement.