Bitcoin News
By Jean-Luc Maracon
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Chivo at the Heart of the Confusion. What Bukele clarified on X is that only the shares of the Chivo wallet were transferred—not the…
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The $140 Million Tranche Hinges on Approval. The IMF announced the release of a $140 million tranche—but it's conditional.
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Nayib Bukele made it clear on Friday: El Salvador's 7,765 bitcoins haven't moved. Not a single satoshi.
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The confusion likely stems from the nature of the agreement itself. In December 2024, El Salvador signed a $1.4 billion loan with the IMF—a lifeline for an economy under pressure.
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What Bukele clarified on X is that only the shares of the Chivo wallet were transferred—not the bitcoins themselves. A crucial distinction.
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The IMF, for its part, stated that the public stake in the Chivo wallet had been significantly reduced.
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And Bukele sees it as a way to keep control over the bitcoins while respecting the loan terms. It's still unclear if everyone agrees with this interpretation.
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The IMF announced the release of a $140 million tranche—but it's conditional. The institution received assurance that future bitcoin purchases would be funded solely by private…
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Read also: Worldcoin Climbs 13.6% as Altcoin Strength Emerges Despite Market Decline
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But the release of these $140 million is not yet finalized. It requires formal approval from the IMF's board of directors.
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Read also: Arbitrums 51.6% Surge Signals Community Momentum Despite Calm Crypto Market
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Bukele also emphasized one point: El Salvador's strategic bitcoin reserves remain an essential part of the country's financial strategy.
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The IMF also clarified that no additional bitcoin injections, outside of documented donations, are planned. No bitcoin bought with public funds, therefore.
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What makes this situation interesting—and somewhat surreal—is that El Salvador finds itself in a position where it has officially abandoned bitcoin as legal tender but still…
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International pressure on El Salvador had been strong since 2021. Many economists and institutions criticized the adoption of bitcoin as legal tender, pointing to risks for…
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