TechFlow, July 20 — According to The Block, El Salvador has not purchased any bitcoin since February 2025, when it reached a funding agreement with the International Monetary Fund (IMF). This information comes from a letter signed by El Salvador’s central bank governor and finance minister, released on July 15 as part of an IMF compliance report.
The report states that "the amount of bitcoin held by the public sector remains unchanged," and the growth in the country's strategic bitcoin reserve fund actually reflects the consolidation of bitcoin across government wallets rather than new purchases. This directly contradicts previous claims by President Nayib Bukele and his Bitcoin Office of buying one bitcoin per day.
Blockchain intelligence firm Arkham confirmed daily transfers of one bitcoin, primarily originating from addresses labeled as Binance or Bitfinex hot wallets. The El Salvador Bitcoin Office claims the country holds approximately 6,242 bitcoins, worth around $737 million.
