IMF Approves $138M Disbursement to El Salvador With Bitcoin Waiver
- —IMF approved SDR 101.96 million (about $137.93 million) on October 1
- —El Salvador's Bitcoin holdings grew from ~6,000 BTC in February 2025 to 7,760–7,792 BTC
- —The reserve is valued at roughly $598–660 million
- —Chivo wallet was transferred to a private operator with the state holding a minority stake
Why it matters: The IMF effectively accepted a donation loophole in the Bitcoin accumulation ban, setting a precedent for other borrowing countries.
Source: Blockhead