- IMF conditions halt Bitcoin purchases, freezing El Salvador’s holdings.
- 6,250 BTC held, worth $740 million.
- Chivo wallet privatization marks a shift from state control.
El Salvador has stopped buying Bitcoin since February 2025. Official reports confirm the country’s holdings remain at 6,244–6,250 BTC, as financial strategies under the IMF loan agreement prioritize stability over additional cryptocurrency investments.
El Salvador’s government, under President Nayib Bukele, has halted new Bitcoin purchases as directed by an IMF agreement, with holdings remaining static at 6,250 BTC.
El Salvador Halts Bitcoin Purchases under IMF Agreement
The pause in Bitcoin acquisitions reflects IMF’s push for financial stability, impacting El Salvador’s cryptocurrency strategy while stabilizing the economy.
IMF Agreements and Economic Strategy
El Salvador has ceased Bitcoin purchases as part of an IMF agreement, keeping its holdings unchanged at 6,250 BTC valued at around $740 million. President Nayib Bukele initially appeared enthusiastic, encouraging continual purchases. Internal wallet activity replaced new acquisitions, signaling a shift in government strategy.
Following IMF requirements, leadership including Central Bank President and Finance Minister confirmed no new purchases since February 2025.
“The stock of Bitcoins held by the public sector remains unchanged.” — Douglas Pablo Rodríguez Fuentes, President of Central Bank of El Salvador (IMF Article IV Report, July 15, 2025)
These actions aimed at stabilizing the financial system include the privatization of the Chivo wallet.
The absence of new purchases may affect El Salvador’s prior role in the Bitcoin market, eliminating minor demand contributions. However, the government remains focused on ensuring longer-term financial resilience. While the decision is aligned with preserving economic stability, concerns about the country’s economic security persist among community members.
Future outcomes could involve reduced Bitcoin exposure and a stronger regulatory framework. The ongoing focus on financial stability reflects a broader trend seen worldwide as sovereign states grapple with volatile cryptocurrencies.
About the author
Solana Leads Blockchain Industry in Daily Transactions
Solana ($SOL) has become the leading blockchain in daily transaction volumes, surpassing others in the market. This achievement is attributed to its institutional growth and expanding ecosystem.
White House to Release National Crypto Stockpile Report
The U.S. government's initiative to create a national crypto stockpile, involving prominent figures and focusing on integrating cryptocurrencies into financial strategies.
Divine Research Implements World ID for Unsecured Crypto Loans
Divine Research leverages World ID for biometric verification in distributing 30,000 USDC loans, targeting underserved markets with a microfinance model.
DeFiance Capital Acquires $114M in Ethereum
DeFiance Capital's recent $114 million Ethereum acquisition signals strong institutional confidence. On-chain data tracks significant market activity.
Ethereum’s 10th Anniversary Livestream Highlights Community Milestone
Join the Ethereum Foundation's global livestream for Ethereum's 10th anniversary, featuring a special Torch NFT minting event.
El Salvador Halts Bitcoin Purchases Amid IMF Requirements
El Salvador ceases Bitcoin purchases as per IMF conditions, stabilizing economy at 6,250 BTC held worth $740 million.
Related
Solana Leads Blockchain Industry in Daily Transactions
Solana ($SOL) has become the leading blockchain in daily transaction volumes, surpassing others in the market. This achievement is attributed to its institutional growth and expanding ecosystem.
White House to Release National Crypto Stockpile Report
The U.S. government's initiative to create a national crypto stockpile, involving prominent figures and focusing on integrating cryptocurrencies into financial strategies.
Divine Research Implements World ID for Unsecured Crypto Loans
Divine Research leverages World ID for biometric verification in distributing 30,000 USDC loans, targeting underserved markets with a microfinance model.
DeFiance Capital Acquires $114M in Ethereum
DeFiance Capital's recent $114 million Ethereum acquisition signals strong institutional confidence. On-chain data tracks significant market activity.
Ethereum’s 10th Anniversary Livestream Highlights Community Milestone
Join the Ethereum Foundation's global livestream for Ethereum's 10th anniversary, featuring a special Torch NFT minting event.
WLFI Surpasses $0.85 on LBank Exchange
World Liberty Financial (WLFI) crosses $0.85 on LBank, marking key DeFi event.
Be the first to leave a comment