El Salvador has been in the spotlight since it adopted bitcoin as legal tender. However, a new IMF report reveals that the country has not purchased any bitcoins since February 2025.
Facts About Bitcoin Purchases
According to the International Monetary Fund (IMF) report, El Salvador has not made any bitcoin purchases since February 2025. This statement contradicts previous claims made by President Nayib Bukele, who asserted that the country was buying one bitcoin weekly.
Change in El Salvador's Strategy
Leading finance officials, such as Central Bank President Douglas Pablo Rodríguez Fuentes and Finance Minister Jerson Rogelio Posada Molina, indicated that bitcoin assets have remained unchanged, and all wallets have been handed over to the IMF for verification. The report suggests that movements observed on the blockchain reflect consolidation of assets, not new purchases.
Political and Economic Implications
El Salvador faces a significant strategic dilemma: meeting the IMF's transparency requirements while maintaining its image as a crypto pioneer. It is expected that this contradiction will call into question the credibility of government statements.
The situation surrounding bitcoin purchases in El Salvador is changing. The new IMF report casts doubt on previous claims made by the president about ongoing purchases. As the country attempts to balance IMF demands with ambitious aspirations, the future of bitcoin in El Salvador remains uncertain.
