‍El Salvador's Bitcoin Accumulation: A Public Puzzle

Reports from President Bukele's administration claim daily Bitcoin purchases, supported by visible wallet growth. However, the IMF suggests El Salvador scaled back its Bitcoin experiment post-December 2024, stating total government-owned Bitcoin has not increased.

Potential explanations include pre-agreement acquisitions, routing through exchanges to obscure purchase dates, or internal wallet movements to create the appearance of new acquisitions. The lack of transparency raises concerns about the management of public resources. Despite IMF conditions, Bukele maintains the government's Bitcoin purchases are ongoing.

https://cryptovka.ru/en/news/4753/the-el-salvador-bitcoin-conundrum-bukele-vs-imf