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▲ El Salvador, Bitcoin (BTC)/AI generated image
It has been confirmed that the Bitcoin (BTC) increased by El Salvador since the International Monetary Fund (IMF)'s first review came from private donations.
According to crypto media outlet Cointelegraph on September 4 (local time), the IMF, after reviewing data submitted by the Salvadoran government, stated that the increase in Bitcoin since June 2025 came from private donations. It was explained that there were no additional Bitcoin purchases using government funds.
The governance structure of the Chivo wallet, operated by the government, has also changed. The IMF stated that the majority stake and operational control of the Chivo wallet have been transferred to a private operator. The Salvadoran government retains only a minority stake and custodial duties. The IMF explained that it does not anticipate any additional Bitcoin accumulation beyond the confirmed private donations.
Controversy flared up again when El Salvador announced in November 2025 that it had acquired 1,090 BTC for $100 million. In December 2024, El Salvador agreed with the IMF on a $1.4 billion financial assistance program, committing to limit public sector involvement in Bitcoin. The acceptance of Bitcoin payments by private businesses was liberalized, taxes were to be paid in US dollars, and the government's involvement in the Chivo wallet was also to be reduced.
In March 2025, the IMF prohibited voluntary Bitcoin accumulation by the public sector through additional documentation. President Nayib Bukele of El Salvador stated at the time that Bitcoin purchases “would not stop,” and that they would continue to add at least 1 BTC per day. In July of the same year, the IMF explained that El Salvador had not purchased new Bitcoin since the December 2024 agreement, and that the increase in holdings at that time resulted from asset consolidation between government wallets.
According to official reserve tracking data from El Salvador's National Bitcoin Office, Bitcoin holdings are approximately 7,764 BTC. Through this announcement, the IMF reconfirmed that the Bitcoin increase since the first review in June 2025 came from private donations, not from additional purchases funded by the government budget.
[Article Summary]
-The IMF stated that the Bitcoin increased by El Salvador since June 2025 came from private donations, not from purchases using government funds.
-The Salvadoran government has transferred the majority stake and operational control of the Chivo wallet to a private operator, retaining only a minority stake and custodial duties.
-El Salvador holds approximately 7,764 BTC, and the IMF stated that it does not anticipate any additional Bitcoin accumulation beyond the confirmed donations.
*Disclaimer: This article is for informational purposes only and does not assume responsibility for investment losses based on its content. This information should be interpreted solely for informational purposes.*
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