Crypto

El Salvador's Bitcoin Reserve Survived Another IMF Review. Here's What the $138 Million Deal Actually Requires

Loser Buddy

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El Salvador just passed another IMF review despite breaking a bitcoin promise it made in writing.

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The IMF's board released about 138 million dollars to El Salvador on October 1, 2026.

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El Salvador had agreed to stop growing its public bitcoin reserve as a loan condition.

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The government says the new coins came from donations, not public money.

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El Salvador's bitcoin stash now sits near 7,800 coins, worth somewhere around 620 million dollars.

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Bitcoin stopped being mandatory legal tender for Salvadoran businesses back in January 2025.

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Control of the government's Chivo wallet has shifted to a private operator.

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The IMF says it expects no further state bitcoin buying from here on.

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