What happened?
The International Monetary Fund (IMF) reported that El Salvador has not made any new Bitcoin purchases since February 2025. This contradicts President Nayib Bukele’s claims that the government was buying one Bitcoin daily. The IMF’s findings are part of a review tied to a loan agreement with El Salvador.
Who does this affect?
This development primarily affects El Salvador’s government and citizens, impacting their national crypto policy. It also holds significance for companies and investors interested in the country’s crypto strategy. Furthermore, it influences global perceptions about the viability of Bitcoin as a national asset.
Why does this matter?
The halt in Bitcoin purchases by El Salvador might influence Bitcoin’s market dynamics and investor sentiment. The IMF praised the policy shift for reducing fiscal risk and increasing transparency, which could stabilize inflation and strengthen economic stability. As other countries continue to expand their Bitcoin reserves, El Salvador’s move may signal a reassessment of sovereign Bitcoin strategies.