On July 20, according to The Block, El Salvador has not purchased any Bitcoin since reaching a financing agreement with the International Monetary Fund (IMF) in February 2025. This information comes from a letter signed by the President of the Central Bank of El Salvador and the Minister of Finance, which was published on July 15 as part of an IMF compliance report. The report states that El Salvador's "Bitcoin holdings in the public sector remain unchanged," and that the growth of the country's strategic Bitcoin reserve fund actually reflects the government's consolidation of Bitcoin from various wallets, rather than new purchases. This statement directly contradicts previous claims by President Nayib Bukele and his Bitcoin office that they were purchasing 1 Bitcoin per day. Blockchain intelligence firm Arkham confirmed the daily transfers of 1 Bitcoin, mainly from addresses labeled as Binance or Bitfinex hot wallets. El Salvador's Bitcoin office claims the country holds approximately 6,242 Bitcoin, worth approximately $737.00 million. [TechFlow]
On July 20, according to The Block, El Salvador has not purchased any Bitcoin since reaching a financing agreement with the International Monetary Fund (IMF) in February 2025. This information comes from a letter signed by the President of the Central Bank of El Salvador and the Minister of Finance, which was published on July 15 as part of an IMF compliance report. The report states that El Salvador's "Bitcoin holdings in the public sector remain unchanged," and that the growth of the country's strategic Bitcoin reserve fund actually reflects the government's consolidation of Bitcoin from various wallets, rather than new purchases. This statement directly contradicts previous claims by President Nayib Bukele and his Bitcoin office that they were purchasing 1 Bitcoin per day. Blockchain intelligence firm Arkham confirmed the daily transfers of 1 Bitcoin, mainly from addresses labeled as Binance or Bitfinex hot wallets. El Salvador's Bitcoin office claims the country holds approximately 6,242 Bitcoin, worth approximately $737.00 million. [TechFlow]