El Salvador Lied About Buying Bitcoin in 2025, IMF Report Reveals

Explore key highlights within the Bitcoin house. This article dives into: “El Salvador Lied About Buying Bitcoin in 2025, IMF Report Reveals”.

IMF confirms no new public-sector Bitcoin purchases by El Salvador regardless of authorities claims of day by day accumulation

El Salvador’s authorities claimed all through 2025 that it was shopping for one Bitcoin per day. However, a newly revealed IMF report instantly contradicts these assertions.

IMF Reveals El Salvador’s Bitcoin Bluff

The July 15 report, a part of the IMF’s Article IV session and first program evaluation, makes clear that El Salvador has not purchased any new Bitcoin because the $1.4 billion Extended Fund Facility (EFF) was permitted in December 2024.

“The overall stock of Bitcoin held by the public sector has remained unchanged since program approval,” the IMF acknowledged.

Throughout the 12 months, President Nayib Bukele and El Salvador’s National Bitcoin Office continued to publish on social media that the nation was accumulating Bitcoin—one per day. 

Public-facing wallets confirmed a rise in holdings, and authorities tweets bolstered the concept of ongoing purchases.

On March 4, Bukele posted that the day by day Bitcoin shopping for program was nonetheless lively and would proceed. 

Around the identical time, the Bitcoin Office claimed holdings exceeded 6,102 BTC. The media cited these numbers, which had been broadly repeated in crypto circles.

However, the IMF debunked this story in its official program evaluation.

What Actually Happened

According to the Fund, the rise in Bitcoin wallet balances got here from inner actions between government-owned wallets—not new purchases. 

These wallet consolidations gave the phantasm of shopping for however mirrored no contemporary market exercise.

The report additionally disclosed “small fluctuations” in Bitcoin deposits within the authorities’s Chivo e-wallet. These, too, had been addressed via inner corrective measures, not extra public funds.

Put merely, no taxpayer cash has gone into shopping for extra Bitcoin in 2025.

Local Newspaper Headline About El Salvador’s Bitcoin Reserve Value Soaring Above $725 Million After BTC All-Time High

Yet, this discrepancy raises critical questions on transparency and belief. El Salvador made world headlines in 2021 by adopting Bitcoin as authorized tender. 

However, in January 2025, the nation reversed course underneath stress from worldwide lenders and with a fragile fiscal place. 

More particularly, it stripped Bitcoin of authorized tender standing and agreed to not use public sources to amass extra.

The IMF’s new findings affirm that El Salvador is honoring its monetary commitments.

Chivo Under Fire

The IMF report additionally cited “minor deviations” in efficiency standards as a consequence of irregularities within the Chivo system. The Salvadoran authorities has agreed to totally finish public-sector involvement within the Chivo Wallet by the top of July 2025.

This transfer aligns with a broader push for fiscal transparency and market self-discipline underneath the Fund-supported program. 

Also, the federal government has dedicated to publishing monetary info for state-owned enterprises and to unwind the general public Bitcoin belief, Fidebitcoin.

As the end-of-July deadline for privatizing Chivo approaches, the Bitcoin group might be watching to see if El Salvador follows via—or retains spinning a story at odds with the info.

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