Bukele just found out that it’s all fun and games until you openly defy the central bankers. Tough guy act is over. They all bend the knee.

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ES just smash-bought the dip with IMF money. Having to disclose what you bought with their money is not necessarily bending the knee.

Even if the IMF knows exactly how much BTC they have and where it is on-chain, they can't exactly take it.

Exactly. Not even by force, unless they know who and how the keys are stored.

An attempt will be made and we'll see just how strong or weak private key security can be.

Or you end up floating in the Pacific Ocean. They don’t care about the coins.