The International Monetary Fund (IMF) reported that El Salvador has not purchased any new Bitcoin since signing their loan agreement in December 2024. The Chivo Bitcoin wallet does not adjust its reserves to reflect changes in deposits, causing minor discrepancies in public sector BTC accumulation.

El Salvador signed a $1.4 billion loan deal with the IMF in December 2024, agreeing to reduce its involvement in Bitcoin. Despite revising Bitcoin laws in January 2025, the government continued to claim they were accumulating BTC, prompting the IMF to request a stop to BTC accumulation.

In response to the IMF’s request to halt BTC accumulation, Salvadoran President Nayib Bukele defiantly stated that El Salvador would continue to stack Bitcoin daily. This stance has caused shockwaves in the Bitcoin community as El Salvador is known for embracing a national Bitcoin reserve and Bukele’s outspoken support of the digital currency.

Read more at Cointelegraph: IMF Claims El Salvador is Not Buying BTC, Only Consolidating Wallets