Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
IMF Questions El Salvador's Bitcoin Assertions as Reserves Reach $700 Million

IMF Questions El Salvador's Bitcoin Assertions as Reserves Reach $700 Million

Bitget-RWA2025/09/27 13:56
By:Coin World

- El Salvador holds 6,313 BTC ($701M) after adding 21 bitcoins to commemorate its Bitcoin Law's fourth anniversary. - IMF disputes government claims of ongoing purchases, stating no new acquisitions since December 2024 due to internal wallet consolidations. - The country ranks sixth globally in Bitcoin holdings, with $413M in unrealized gains since 2022 despite volatility and regulatory scrutiny. - Policy adjustments include voluntary Bitcoin acceptance and phasing out the Chivo wallet to address fiscal ri

IMF Questions El Salvador's Bitcoin Assertions as Reserves Reach $700 Million image 0

El Salvador has continued to grow its

reserves, now possessing more than 6,300 with a total value exceeding $700 million, as per the latest updates. The National Bitcoin Office (ONBTC) reported that 21 bitcoins were added on September 7 to mark the fourth anniversary of the Bitcoin Law, which made the digital currency legal tender El Salvador Adds 21 BTC for Bitcoin Day, Raising Holdings Past 700M [ 2 ]. This recent purchase brings the nation’s total to 6,313.18 BTC, with the portfolio now estimated at around $701 million at present market rates El Salvador Boosts Bitcoin Reserves with 21 BTC on Bitcoin Day [ 3 ]. Since 2022, the government has consistently bought Bitcoin daily, with officials stressing the importance of long-term financial autonomy and asset diversification With 50 New Bitcoins in 30 Days, El Salvador Rises to World’s Top Six Holders [ 1 ].

This accumulation has resulted in substantial unrealized profits. According to DropsTab, El Salvador’s Bitcoin purchases since 2022, totaling $300.5 million, have now generated $413.2 million in unrealized gains With 50 New Bitcoins in 30 Days, El Salvador Rises to World’s Top Six Holders [ 1 ]. This marks a 127% increase in value since Bitcoin was first adopted. The government has also incorporated Bitcoin into public services, such as the Chivo wallet for citizens and geothermal-powered mining facilities El Salvador Boosts Bitcoin Reserves with 21 BTC on Bitcoin Day [ 3 ].

Nevertheless, the International Monetary Fund (IMF) has disputed the government’s claims of ongoing Bitcoin acquisitions. A report from July 2025 indicated that no new public-sector Bitcoin purchases took place after December 2024, despite official statements about daily buying El Salvador Lied About Bitcoin Buys in 2025, IMF Report [ 4 ]. The IMF suggested that the apparent growth in holdings was due to internal wallet consolidations rather than actual new acquisitions. This inconsistency has led to concerns about transparency, especially as the government continues to promote Bitcoin’s significance in national finances while complying with IMF requirements for a $1.4 billion loan El Salvador Lied About Bitcoin Buys in 2025, IMF Report [ 4 ].

On a global scale, El Salvador is now the sixth largest holder of Bitcoin, following the United States, China, the United Kingdom, Ukraine, and Bhutan, according to Bitbo With 50 New Bitcoins in 30 Days, El Salvador Rises to World’s Top Six Holders [ 1 ]. The country’s approach has made it a leader in state-level cryptocurrency adoption, with Bitcoin’s total market value now above $2.24 trillion—surpassing major tech companies like Meta With 50 New Bitcoins in 30 Days, El Salvador Rises to World’s Top Six Holders [ 1 ]. Despite fluctuations in the market, El Salvador’s Bitcoin assets have shown durability, with prices reaching over $112,000 per coin in September 2025 With 50 New Bitcoins in 30 Days, El Salvador Rises to World’s Top Six Holders [ 1 ].

Some, including the IMF, have called on El Salvador to halt further Bitcoin buying to help stabilize its finances. In response, the government has revised its policies, making Bitcoin acceptance optional for businesses and planning to discontinue the Chivo wallet by the end of July 2025 El Salvador Adds 21 BTC for Bitcoin Day, Raising Holdings Past 700M [ 2 ]. These steps are intended to mitigate financial risks while still supporting digital asset initiatives. Meanwhile, El Salvador’s ongoing Bitcoin projects continue to shape international discussions, with efforts such as educational programs and new partnerships, including a recent agreement with Bolivia’s central bank El Salvador Adds 21 BTC for Bitcoin Day, Raising Holdings Past 700M [ 2 ].

The ongoing debate about El Salvador’s Bitcoin policy highlights the broader conflict between innovation and regulatory caution. Supporters see the country’s strategy as a safeguard against inflation and a move toward greater financial independence, while critics point to the dangers of volatility and dependence on speculative assets. As Bitcoin’s value shifts and the global economy changes, El Salvador’s journey will remain a key point of interest for both policymakers and investors exploring the intersection of digital currencies and national economic policy El Salvador Adds 21 BTC for Bitcoin Day, Raising Holdings Past 700M [ 2 ] El Salvador Lied About Bitcoin Buys in 2025, IMF Report [ 4 ].

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!