According to the IMF, El Salvador has not acquired any new Bitcoin since signing a loan agreement in December 2024. This contradicts claims from El Salvador’s Bitcoin Office that the government is buying one BTC daily.
The report highlights discrepancies in Bitcoin reserves reported by El Salvador. The Chivo wallet does not reflect changes properly, leading to confusion about Bitcoin holdings in the public sector.
Despite the agreement, President Bukele has opposed the IMF’s requests to stop accumulating BTC, emphasizing El Salvador’s defiance in maintaining its Bitcoin strategy.
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