20.07.2025 00:28

El Salvador's government has officially refuted President Nayib Bukele's repeated claims of daily Bitcoin acquisitions. The Ministry of Finance and the Central Bank Governor have explicitly stated to the International Monetary Fund (IMF) that no new Bitcoin purchases have been made since a February 2025 financial agreement.

This revelation contradicts Bukele's earlier pronouncements, highlighting a significant discrepancy between official statements and the president's public declarations. The IMF, however, has confirmed that El Salvador's existing Bitcoin holdings remain unchanged, except for internal accounting adjustments, which are fully compliant with the terms of their agreement.

Transparency is key in this matter, as the government has provided the IMF with access to their Bitcoin wallet addresses. This level of openness allows for thorough monitoring and ensures accountability in the management of El Salvador's cryptocurrency assets. The situation underscores a commitment from the Salvadoran government to fiscal responsibility and adherence to international financial regulations.

This confirmation from the Salvadoran government and the IMF emphasizes the importance of verifying information, especially regarding cryptocurrency holdings, from official sources rather than relying solely on individual pronouncements. The discrepancy between Bukele's statements and the official record raises questions about the communication strategy of the administration. This incident serves as a cautionary tale about the complexities of managing cryptocurrency assets within a national economic strategy and the importance of clear, consistent public messaging.