Powered by ChatGPT

IMF report says El Salvador has not purchased any new Bitcoin since February

OdailyJul 20, 2025

The International Monetary Fund (IMF) released a compliance report stating that El Salvador has not purchased any new Bitcoin since February 2025, and the current increase in holdings mainly comes from the integration of existing wallet assets. The report cited a letter signed by the Governor of the Central Bank of El Salvador and the Minister of Finance, and noted in a footnote: "The increase in Bitcoin holdings in the strategic Bitcoin reserve fund reflects the government's consolidation of Bitcoin from multiple holding wallets." This statement contradicts the statements of El Salvador's President Bukele and the Bitcoin Office. Previously, the El Salvador Bitcoin Office stated that the country increased its holdings by 1 Bitcoin per day, with current reserves of 6,242, worth approximately $737.00 million. Arkham data also shows that the relevant transfers mostly come from the hot wallet addresses of Binance or Bitfinex. Currently, the El Salvador Bitcoin Office has not responded to this. [Odaily Planet Daily]

All You Need to Know in 10s
Your One-Stop Crypto Investment Powerhouse
Powered by ChatGPT

IMF report says El Salvador has not purchased any new Bitcoin since February

OdailyJul 20, 2025

The International Monetary Fund (IMF) released a compliance report stating that El Salvador has not purchased any new Bitcoin since February 2025, and the current increase in holdings mainly comes from the integration of existing wallet assets. The report cited a letter signed by the Governor of the Central Bank of El Salvador and the Minister of Finance, and noted in a footnote: "The increase in Bitcoin holdings in the strategic Bitcoin reserve fund reflects the government's consolidation of Bitcoin from multiple holding wallets." This statement contradicts the statements of El Salvador's President Bukele and the Bitcoin Office. Previously, the El Salvador Bitcoin Office stated that the country increased its holdings by 1 Bitcoin per day, with current reserves of 6,242, worth approximately $737.00 million. Arkham data also shows that the relevant transfers mostly come from the hot wallet addresses of Binance or Bitfinex. Currently, the El Salvador Bitcoin Office has not responded to this. [Odaily Planet Daily]

Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors