IMF Confirms El Salvador Has Halted Bitcoin Purchases With Public Funds

El Salvador appears to be playing by the International Monetary Funds (IMF) rules — at least on the surface.

A recent IMF briefing confirmed that the country has stopped using public funds to buy Bitcoin, a key condition tied to its $1.4 billion loan agreement. Rodrigo Valdes, head of the IMFs Western Hemisphere Department, stated that El Salvador remains in full compliance with its commitments, helping to put rumors of noncompliance to rest.

Beyond pausing Bitcoin accumulation with government funds, the IMF also noted that El Salvador is making progress on fiscal transparency and structural reforms. Meanwhile, with Bitcoin prices hovering around $100,000, the countrys existing 6,158 BTC holdings are now worth roughly $583 million.

Yet the story doesn‘t end there. Despite halting public sector purchases, President Nayib Bukele has found a workaround. According to the country’s National Bitcoin Office, El Salvador is quietly adding one Bitcoin per day — but without tapping official government budgets.

The sources of funding for these daily acquisitions remain unclear, fueling speculation that profits from the countrys Strategic Bitcoin Reserve or private partnerships could be footing the bill.

Bukele‘s strategy suggests he’s doubling down on Bitcoin‘s future potential, betting that a surge in price could transform El Salvador’s financial position. Some bold forecasts, including one from Cathie Wood‘s Ark Invest, even predict Bitcoin could hit $1.5 million by 2030 — a move that could turn El Salvador’s Bitcoin gamble into a historic windfall.

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.