Overview

• Government bitcoin holdings climbed from 6,101.15 BTC on March 4 to 6,189.18 BTC as of May 27, valuing over $674 million.
• The IMF deal ended bitcoin’s mandatory legal-tender status and barred voluntary public-sector accumulation of the cryptocurrency.
• In its May 27 review, IMF staff praised El Salvador’s strong fiscal and reserve performance while pledging to keep bitcoin holdings stable.
• El Salvador has committed to winding down the state-run Chivo wallet by the end of July to meet IMF structural benchmarks.
• President Nayib Bukele has publicly reaffirmed his commitment to purchasing bitcoin despite the loan agreement’s restrictions.