Salvador provided incorrect data on bitcoin purchases in 2025. The IMF confirmed the absence of new BTC purchases by the public sector of Salvador, despite the government’s statements
In 2025, the Salvador government claimed that he was buying one bitcoin daily. However, the IMF report refutes these statements.
IMF revealed Bitcoin-bluff of Salvadora
The IMF report of July 15 shows that Salvador has not bought new bitcoins since the approval of the Extnded Fund Facility (EFF) of $ 1.4 billion in December 2024.
During this year, President Nayib Buyle and the National Bitcoin Management of Salvador continued to approve on social networks that the country accumulates bitcoins-one per day. Public wallets showed an increase in assets, and government tweets supported the idea of ongoing purchases.
On March 4, the book said that the Bitcoin daily purchase program is still active and will continue. Around the same time, the national bitcoin control said that assets exceed 6,000 BTC. The media actively distributed these figures in the crypto community. Now, the IMF has denied this story in the official review of the program.
What really happened
According to the Fund, the growth of the balance of bitcoin pits occurred due to internal movements between state wallets, and not new purchases. These movements created the illusion of purchases, but did not reflect real market activity.
The report also mentions “small fluctuations” in Bitcoin deposits in the official government wallet Chivo. These changes were also associated with internal adjustments, and not with additional state funds. Simply put, not a single taxpayer was spent on the purchase of bitcoins in 2025.
However, this discrepancy raises serious questions about transparency and trust. Salvador fell into world headlines in 2021, taking Bitcoin as a legal payment vehicle. However, in January 2025, the country changed the course under the pressure of international creditors and unstable financial status.
Bitcoin lost the status of a legal payment fund, and the authorities decided not to use state resources for its further acquisition. The new IMF data confirm that Salvador fulfills its financial obligations.
Chivo under the fire of criticism
The IMF report notes “minor deviations” in the criteria for effectiveness due to problems in the Chivo system. The Salvador government agreed to completely stop the participation of the public sector in Chivo Wallet by the end of July 2025. This step corresponds to the strategy to ensure financial transparency and market discipline within the framework of the program supported by the Fund. In addition, the government obliged to publish financial information about state enterprises and liquidate the state bitcoin trast of FideBitcoin.
At the end of July, the deadline for the privatization of Chivo comes. The community will monitor whether Salvador will fulfill its promises or continue to tell a story that does not correspond to the facts.
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Source: Cryptocurrency
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