- El Salvador halts Bitcoin acquisitions as reported by IMF.
- Contradiction with National Bitcoin Office’s claims.
- Government purchases remain unchanged since February 2025.
El Salvador’s finance authorities reported to the International Monetary Fund (IMF) that the country has made no Bitcoin purchases since February 2025, countering claims by the National Bitcoin Office of ongoing acquisitions.
Main Content
El Salvador’s halt in Bitcoin purchases raises concerns about its financial strategies and the IMF’s influence on national policies. The unexpected halt impacts the central Bitcoin strategy perpetuated by President Nayib Bukele.
El Salvador decided to stop Bitcoin purchases, complied with an IMF $1.4 billion Extended Fund Facility condition. This halt contradicts the National Bitcoin Office’s claim of regular purchases, presenting a challenge to the government’s transparent communication.
President Nayib Bukele and El Salvador’s Bitcoin Office have supported aggressive Bitcoin buying, branding it as essential to the nation’s economic growth. However, the IMF reveals purchases have ceased since February, emphasizing the importance of economic stability over expanding crypto holdings.
“The stock of Bitcoins held by the public sector remains unchanged since February 2025.” – Douglas Pablo Rodríguez Fuentes, Central Bank President, El Salvador
The halt impacts the normal market operations in Bitcoin and could cause uncertainty among investors and global cryptocurrency stakeholders. The IMF-enforced condition reflects the struggle between national autonomy and necessary economic oversight.
The IMF’s intervention underlines potential regulatory consequences for countries adopting aggressive crypto policies without sufficient economic backing. Analysts argue this showcases an interplay between digital currency adoption and traditional financial regulations, projecting possible future conflicts.
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