The IMF has once again stated that El Salvador has formally wound down its Bitcoin experiment, according to an official staff statement. The Fund claims that public BTC accumulation has stopped, the Chivo wallet is being phased out, and that any increase in reserves is due solely to internal transfers within the EFF program, not new Bitcoin purchases.

However, El Salvador’s Bitcoin Office disputes this narrative. Officials insist that the country continues to buy 1 BTC per day, with total holdings now exceeding 7,500 BTC. According to Stacy Herbert, head of the Bitcoin Office, these purchases are ongoing despite the IMF’s position, highlighting a clear divergence between official IMF statements and on-the-ground policy.

This contradiction underscores the ongoing tension between El Salvador and international financial institutions, as the country maintains its pro-Bitcoin stance while navigating IMF-backed financing programs. Markets and crypto observers continue to closely monitor whether Bitcoin remains a strategic reserve asset for El Salvador in practice, regardless of formal commitments.