The International Monetary Fund (IMF) has reached a preliminary agreement with El Salvador regarding the second and third reviews of its program. This deal could unlock approximately $140 million in funding, provided the executive board grants its final approval.
According to IMF documentation, the increase in El Salvador's national Bitcoin reserves since June 2025 resulted from private donations rather than public spending. This assessment contradicts recent claims from the country's Bitcoin Office, which stated that the government had purchased additional coins.
The reserve held 5,968 BTC at the start of the program in December 2024 and currently contains 7,764 BTC. While the government previously reported daily purchases and a significant acquisition of 1,090 BTC in November 2025, the IMF maintains that no public resources were used for recent additions.
Operational control of the state-backed Chivo wallet has been transferred to an unnamed private operator. El Salvador retains a minority stake and remains responsible for the security of customer assets, while the IMF continues to monitor the country's fiscal targets, including a goal to reduce public debt to 80% of GDP by 2030.