The Salvadoran Minister of Finance stated in a letter to the IMF that he has not purchased Bitcoin since February, which contradicts his government's statement

According to The Block, a letter signed by two senior finance officials in El Salvador stated that the country has never purchased any Bitcoin since signing a financing agreement with the International Monetary Fund (IMF) in February 2025. This is in stark contrast to the statements made by the country's President Naib Buker and his Bitcoin office. This letter is part of the IMF's first project review on July 15th, stating that "the amount of Bitcoin held by the public sector remains unchanged". The attached document indicates that El Salvador has provided the addresses of all hot and cold wallets to the IMF for review and monitoring. However, since President Bukkel announced this measure in November 2022, his government has repeatedly claimed to purchase one Bitcoin per day. The country's Bitcoin office claims that the country has approximately 6242 bitcoins (BTC) worth around $737 million in Bitcoin reserves. Blockchain intelligence company Arkham supports daily transfers of 1 Bitcoin, primarily from addresses marked as Binance or Bitfinex hot wallets. President Bouckel had previously stated that despite the agreement from the International Monetary Fund (IMF) to provide El Salvador with a $1.4 billion loan, requiring the country to reduce Bitcoin activity, it will not stop buying Bitcoin.