{"id":38762,"date":"2025-07-25T11:01:41","date_gmt":"2025-07-25T11:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38762"},"modified":"2025-07-25T11:01:41","modified_gmt":"2025-07-25T11:01:41","slug":"imf-confirms-el-salvador-is-not-buying-more-bitcoin-just-shuffling-wallets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38762","title":{"rendered":"IMF Confirms El Salvador Is Not Buying More Bitcoin\u2014Just Shuffling Wallets"},"content":{"rendered":"
\n

The International Monetary Fund has drawn a sharp line under the latest bout of speculation over El Salvador\u2019s Bitcoin strategy, telling reporters that the Central American nation has not added to its sovereign stash. Apparent increases in the Strategic Bitcoin Reserve Fund (SBRF), the IMF said, merely reflect \u201cmovements across various government-owned wallets\u201d and leave the country\u2019s overall position unchanged.<\/p>\n

Is El Salvador Just Shuffling Bitcoin Wallets?<\/h2>\n

IMF Communications Director Julie Kozack delivered the clarification during a regular press briefing on Thursday, responding<\/a> to a question from Inner City Press reporter Matthew Lee. \u201cAs we have stated in the past, the total amount of BTC held across government-owned wallets remains unchanged, and that is consistent with El Salvador\u2019s program commitments,\u201d Kozack said, adding that any headline growth in the SBRF \u201crelate[s] to movements across various government-owned wallets.\u201d<\/p>\n

The reassurance comes less than a month after the IMF Executive Board completed El Salvador\u2019s 2025 Article IV consultation and first review of its 40-month Extended Fund Facility (EFF). That review unlocked a $118 million tranche, bringing total disbursements under the $1.4 billion arrangement to roughly $231 million. The EFF requires the Bukele administration<\/a> to keep its net BTC exposure flat while it puts public finances on what the IMF calls \u201ca firm downward debt path.\u201d<\/p>\n

Only hours before the IMF\u2019s remarks, El Salvador\u2019s official Bitcoin Office proclaimed <\/a>on X: \u201cEL SALVADOR JUST BOUGHT MORE BITCOIN,\u201d attaching a screenshot that showed an 8 BTC purchase and a running total of 6,248.18 BTC\u2014worth about $722 million at today\u2019s spot price of roughly $116,000. The post echoed President Nayib Bukele\u2019s long-standing mantra<\/a> that the country buys \u201cone Bitcoin a day,\u201d a slogan he has repeated since November 2024.<\/p>\n

Yet the IMF insists those numbers are an accounting mirage. While the SBRF\u2019s wallet address can show incremental inflows, an equivalent amount is typically debited from other state-controlled wallets\u2014most notably a treasury cold-storage address used by the fiscal agency BANDESAL\u2014leaving the republic\u2019s consolidated position unchanged. \u201cRisks from Bitcoin continue to be mitigated,\u201d Kozack emphasized, praising \u201csolid\u201d overall programme performance, including fiscal and reserve targets \u201cmet with margins.\u201d<\/p>\n

Under the EFF\u2019s technical memorandum of understanding, El Salvador must cap net crypto purchases by the non-financial public sector at the level in place when the program was approved last February. The objective is to prevent further volatility on a public balance sheet that already carries Bitcoin exposure equivalent to about 2 percent of GDP. Reuters reported in March that the IMF had already warned San Salvador against \u201cadding to government cryptocurrency exposure,\u201d even as officials trumpeted periodic buys.<\/p>\n

As of press time, neither President Bukele nor his Bitcoin adviser Max Keiser<\/a> had responded publicly to the IMF\u2019s statement. The Bitcoin Office account, meanwhile, has not deleted or amended its original post.<\/p>\n

At press time, BTC traded at $<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund has drawn a sharp line under the latest bout of speculation over El Salvador\u2019s Bitcoin strategy, telling reporters that the Central American nation has not added to its sovereign stash. Apparent increases in the Strategic Bitcoin Reserve Fund (SBRF), the IMF said, merely reflect \u201cmovements across various government-owned wallets\u201d and leave […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38762","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38762"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38762\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}