El Salvador president denies transferring govt’s bitcoin reserves to private operator

El Salvador's President Nayib Bukele has denied that the country's bitcoin reserves have been transferred to a private operator as part of a loan agreement with the International Monetary Fund (IMF). The IMF recently announced a preliminary deal with El Salvador, unlocking US$140 million (RM590 million) in fresh funding as part of an austerity reform programme.

Bukele clarified on X that only Chivo's shares were transferred, not the Strategic Bitcoin Reserve, refuting earlier media reports. The IMF stated that no further Bitcoin accumulation beyond documented donations is expected.

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