Yeliz Akmaca 
The International Monetary Fund (IMF) has clearly stated that El Salvador did not make any Bitcoin purchases in 2025. The Salvadoran government had publicly claimed that it was buying one Bitcoin per day throughout the year. However, the IMF’s July 2025 report disproves this claim, noting that since the approval of the $1.4 billion Extended Fund Facility (EFF) program in December 2024, the country’s Bitcoin holdings have remained unchanged. The IMF’s El Salvador 2025 report provides detailed insights into this matter.
The government and the National Bitcoin Office of El Salvador claimed an increase in Bitcoin held in official wallets. President Nayib Bukele also stated via social media that the daily purchase program continued in March. However, IMF data reveals that the increase in holdings was due to internal transfers between government wallets, not fresh Bitcoin purchases from the market.
Additionally, the report highlights that the small Bitcoin movements in the government’s Chivo e-wallet were not from public funds but resulted from internal adjustments.
IMF and Bitcoin Policy
El Salvador recognized Bitcoin as legal tender in 2021. However, as of January 2025, the legal status of Bitcoin was revoked. Moreover, under pressure from international creditors, the government ceased Bitcoin acquisitions and pledged not to use public funds for such purchases. The IMF’s latest report confirms El Salvador’s adherence to these commitments.
On the other hand, despite official and social media claims that Bitcoin buying was ongoing, significant discrepancies emerged between the reported actions and actual data. These inconsistencies raised concerns about transparency and credibility. It became evident that the apparent increase in Bitcoin holdings was merely the result of internal transfers, leaving investors and the public misinformed.
Nevertheless, El Salvador’s Bitcoin strategy and fiscal outlook continue to draw close attention from the global economy and crypto markets. Ultimately, the IMF report highlights the government’s commitment to financial discipline and international obligations.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.