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El Salvador Halts Bitcoin Acquisitions Amid IMF Agreement

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by Giorgi Kostiuk

2 hours ago


El Salvador is making significant decisions regarding its Bitcoin assets by pausing purchases and maintaining current reserves.

Reasons for the Purchase Pause

El Salvador has halted Bitcoin purchases amid pressure from international bodies such as the IMF. Recent reports confirm that the country has not acquired new coins since February 2025. This decision relates to loan conditions imposed on the nation, demonstrating the need for adherence to financial reforms.

Status of Bitcoin Reserves

The government of El Salvador continues to hold approximately 6,244-6,246 BTC in its reserves. This information has been confirmed by IMF reports, which exclude any new acquisitions, highlighting the stability of existing assets. Douglas Pablo Rodríguez Fuentes, President of the Central Bank of El Salvador, stated: "The stock of Bitcoins held by the public sector remains unchanged."

Future of El Salvador's Cryptocurrency Policy

Given the IMF's requirements and potential financial reforms, El Salvador may face changes in its cryptocurrency policy. Key aspects, such as the future of the Chivo wallet, which is currently moving toward privatization, will be important for further analysis of the government's approach to cryptocurrencies.

The pause in Bitcoin purchases by El Salvador underscores the necessity of adhering to financial obligations. Public and economic community reactions will be crucial in navigating the required reforms.

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