El Salvador holds approximately 7,696 BTC, valued near $460 million as of June 28, according to BitcoinTreasuries, and continues its one‑BTC‑per‑day purchase pledge while the International Monetary Fund reviews its extended fund facility.

The reserve is part of a policy that treats Bitcoin as legal tender, but IMF program terms make public‑sector Bitcoin accumulation voluntary and limit related debt, creating an accounting question.

Bitcoin prices fell to around $59,000–$60,000 after a decline of roughly 19% over 30 days, according to CryptoSlate. The reserve’s size is small relative to Bitcoin’s $1.2 trillion market value and larger holdings by ETFs and corporations. A June 26 X post by Pete Rizzo revived claims that El Salvador buys one BTC daily and added more than 170 BTC in 2026, a claim described by analysts as social context rather than verified accumulation. IMF documents released in March 2025 state that Bitcoin use in the private sector is voluntary, taxes must be paid in US dollars, and public‑sector Bitcoin holdings are subject to a zero‑ceiling quantitative criterion, meaning any increase must be reconciled with existing stock rather than counted as new accumulation. The IMF also said that apparent growth in El Salvador’s Strategic Bitcoin Reserve could reflect consolidation of government‑owned wallets rather than net new purchases, a point noted by CryptoSlate.

US spot Bitcoin ETFs have seen about $5.94 billion in outflows over six weeks, raising questions about market demand, while other institutional Bitcoin strategies face financing pressure.

The durability of El Salvador’s sovereign Bitcoin accumulation will be assessed in the next IMF review, public wallet disclosures, and Treasury tracking, which will determine whether daily‑buy claims align with program rules or lead to an accounting dispute with lenders.