IMF Confirms El Salvador Accumulates Bitcoin from Private Donations
Digital FinanceMacro
The International Monetary Fund (IMF) has confirmed that El Salvador has not used public resources to accumulate Bitcoin, with the increase in holdings coming solely from private donations, according to documents submitted by Salvadoran authorities to the IMF during the first review of its $1.4 billion loan program in June 2025. Meanwhile, majority ownership and control of the Chivo wallet have been transferred to a private provider, with the government holding a minority stake and responsible for asset custody. The IMF stated it does not expect further accumulation beyond the confirmed donations. This statement follows El Salvador's announcement of purchasing 1,090 BTC worth $100 million in November 2025, which raised questions about compliance with the IMF agreement that limits government involvement in Bitcoin since December 2024. Currently, El Salvador holds approximately 7,764 BTC, valued at around $628 million at a price of $80,900 per BTC.
