El Salvador has quietly purchased 8 more Bitcoin (worth $948,392), reinforcing its commitment to cryptocurrency despite pushback from the IMF.
The Conflicting Reports
✅ El Salvador’s Claim:
- Bought 8 BTC at $118,549 each (July 24)
- Total holdings now: 6,248 BTC (~$740M)
❌ IMF’s Counterclaim:
- No new purchases—just wallet shuffling
- Misleading reporting of internal transfers
- Delayed reserve updates create confusion
Why This Matters
- First country to adopt Bitcoin as legal tender (2021)
- Faces IMF pressure over financial transparency
- Continues Bitcoin education push despite criticism
El Salvador’s Bitcoin Education Push
The government is doubling down on adoption:
📚 Node Nation – Bitcoin courses for high schoolers
🎓 Bitcoin Diploma – Formal crypto education
💻 CUBO+ – Tech talent development
🏛 ESIAP – Training 80,000+ civil servants
The Bigger Picture
While transparency concerns remain, El Salvador is staying the course on Bitcoin—proving its strategy goes beyond just holding BTC.