Bitcoin · Federal Reserve (FED) · CryptoSlate
El Salvador rolled out 1,540 Bitcoin, but the IMF confirms Bukele’s government didn’t pay for them
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The International Monetary Fund (IMF) says El Salvador’s Bitcoin reserve growth over the past year came from private donations, not new government spending.
Key facts
- The International Monetary Fund (IMF) says El Salvador’s Bitcoin reserve growth over the past year came from private donations, not new government spending
- The Fund also reiterated that earlier changes in El Salvador’s BTC position had not necessarily represented new buying
- As recently as Aug. 28, the National Bitcoin Office said the country had “bought more Bitcoin” and repeated its longstanding message: “One BTC per day, every day
- The IMF’s assessment sits uneasily beside both the size of El Salvador’s growing reserve and the government’s continued pro-Bitcoin messaging
Summary
01 The IMF says El Salvador’s Bitcoin reserve growth since its previous review came from private donations, not new government spending. 02 The gap matters because public reserve data cannot distinguish purchases from donations or transfers between government-controlled wallets. 03 The unresolved question is whether “one BTC per day” still means government-funded buying or simply Bitcoin entering the reserve. In its latest review of the country’s loan program, the global financial agency said documents supplied by El Salvador showed that Bitcoin accumulated since the previous review reflected private donations.