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El Salvador’s President Nayib Bukele continues to announce daily Bitcoin purchases for the national treasury, defying IMF reports that contradict his claims. The International Monetary Fund insists the government’s Bitcoin reserves haven’t increased despite Bukele’s regular purchase announcements. This discrepancy raises serious questions about transparency and the true state of El Salvador’s cryptocurrency experiment.
- IMF confirms El Salvador's Bitcoin reserves haven't increased since December 2024 despite Bukele's regular purchase announcements
- Blockchain data shows daily Bitcoin inflows to government wallets, but analysts cannot determine if these represent new purchases or existing holdings being moved
- Bukele secured a $1.4 billion IMF facility by scaling back Bitcoin experiments but continues to publicly defy the institution while maintaining unclear cryptocurrency management practices
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