The IMF has confirmed that El Salvador stopped using government money to purchase bitcoin after June 2025. Any growth in the country's bitcoin reserve since then has come from private donations, not the national treasury. The clarification corrects an earlier IMF statement that suggested the reserve total had not changed at all, attributing prior figures to coins moving between government wallets rather than new acquisitions.
El Salvador's government accumulation was one of the few sovereign-level bitcoin buying programs in the world, so its halt removes a small but symbolically significant source of state demand. For crypto investors, the more meaningful signal is the IMF's influence: El Salvador's $1.4 billion IMF loan agreement required scaling back mandatory bitcoin policies, and this confirms that pressure is working. Sovereign adoption narratives tied to El Salvador carry less weight now.
July 2025 onward: Watch for IMF quarterly review updates on El Salvador's loan compliance. No fixed date is scheduled for the next public reserve disclosure from El Salvador's National Bitcoin Office.
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