The IMF report states that El Salvador has not made additional purchases of Bitcoin, but has only integrated its existing Holdings.

On July 20, TheBlock reported that El Salvador has not purchased Bitcoin since February 2025, according to a letter signed by the President of the Central Bank of El Salvador and the Minister of Finance. This letter is part of a recent compliance report from the International Monetary Fund (IMF). This statement contradicts President Nayib Bukele and his Bitcoin office's claims, as the El Salvador Bitcoin office asserts that the country's Bitcoin reserves are approximately 6,242 coins, worth about $737 million, and continues to insist on increasing its holdings by one Bitcoin daily. Arkham data also supports the record of El Salvador increasing its Bitcoin holdings by one coin daily, with most transfers coming from addresses labeled as CEX or CEX Hot Wallets. The head of its Bitcoin office, Stacy Herbert, previously stated that El Salvador continues to purchase Bitcoin, disregarding the IMF protocol. Notably, the IMF compliance report suggests that these transaction records may not represent new purchases but rather the El Salvador government integrating its existing Bitcoin holdings. The IMF report notes in a footnote: 'The increase in Bitcoin holdings in the strategic Bitcoin reserve fund reflects the government's integration of Bitcoin from multiple holding wallets.' Currently, the El Salvador Bitcoin office has not commented on this.