IMF Uncovers Mystery Behind El Salvador's Bitcoin Accumulation
The International Monetary Fund (IMF) has shed light on El Salvador's bitcoin accumulation mystery. According to an IMF press release, the government did not purchase the cryptocurrency but instead received donations from private parties.
The clarification comes after a staff-level agreement was reached with Salvadoran authorities to release $140 million as part of a 40-month funding deal approved in February 2025. The IMF highlighted El Salvador's economic growth, expecting it to reach 4.5% in 2026.
John Dennehy, founder of My First Bitcoin, speculated that Tether could be behind the donations due to its resources and motivation. However, Tether has not publicly acknowledged any such donation. The IMF stated that no further bitcoin accumulation is expected beyond the documented donations.