PANews reported on July 20 that, according to The block, a letter signed by two senior finance officials in El Salvador said that the country has never purchased any bitcoin since the signing of a financing agreement with the International Monetary Fund (IMF) in February 2025. This is diametrically opposed to the statements of the country's president, Nayib Bukele, and his Bitcoin office. The letter, which was part of the IMF's first project review on July 15, stated that "the amount of bitcoin held by the public sector remains unchanged." The attached document states that El Salvador has provided the addresses of all hot and cold wallets to the IMF for review and monitoring.

However, since President Bukele announced the move in November 2022, his government has repeatedly claimed to buy 1 bitcoin per day. The country's Bitcoin Office claims that the country's Bitcoin reserves are about 6,242 Bitcoin (BTC), worth about $737 million. Blockchain intelligence firm Arkham supports daily transfers of 1 Bitcoin, mostly from addresses marked as Binance or Bitfinex hot wallets.

President Bukele has previously said that it will not stop buying bitcoin despite the International Monetary Fund's (IMF) agreement providing El Salvador with a $1.4 billion loan to the country to reduce bitcoin activity.