#萨尔瓦多政府持仓增至7777枚btc
Bitcoin wallets in El Salvador are still climbing, but the words “buy” no longer matter.
▪️ Official 7,764 coins, independently tracked 7,773 coins — Arkham only recognizes 7,264
▪️ IMF’s 9/3 finding: since June 2025, no public funds have bought a single sat
▪️ All 1,796 incremental coins are counted as “private donations,” and none of the donors are disclosed
“Buying one coin every day” was a fiscal policy from November 2022. After June 2025, that changed. Wallet balances keep rising, but the people paying have changed.
Of the 1,796 coins, 1,090 (61%) came from the single day in November 2025—about $100 million per transaction, the largest in history. In the previous IMF round, they said the increment was internal wallet consolidation—but this consolidation doesn’t fit into the same story. After waiting two months, on September 3 they finally arrived with: private donations.
On-chain, all you can see is which addresses sent coins to which. Coins bought by the government, donated by others, and internal transfers all look identical. To sort them out you’d need off-chain documents—and this document was provided by the party being reviewed and was not published. The IMF’s own transparency standards say what it should be is “publicly verifiable.”
On BTC, $590 million is just 0.0039% of a $1.53 trillion market cap—supply doesn’t carry much weight. What matters is the foundation: the largest sample of sovereign buying demand has been swapped—from a policy you can trace to a few pages of paper nobody can see. Watch two things—whether the IMF Executive Board approves that roughly $140 million, and whether “buy one coin every day” will still appear in the official narrative.
What do you think about coins in the reserves whose sources can’t be made clear?$BTC
Bitcoin wallets in El Salvador are still climbing, but the words “buy” no longer matter.
▪️ Official 7,764 coins, independently tracked 7,773 coins — Arkham only recognizes 7,264
▪️ IMF’s 9/3 finding: since June 2025, no public funds have bought a single sat
▪️ All 1,796 incremental coins are counted as “private donations,” and none of the donors are disclosed
“Buying one coin every day” was a fiscal policy from November 2022. After June 2025, that changed. Wallet balances keep rising, but the people paying have changed.
Of the 1,796 coins, 1,090 (61%) came from the single day in November 2025—about $100 million per transaction, the largest in history. In the previous IMF round, they said the increment was internal wallet consolidation—but this consolidation doesn’t fit into the same story. After waiting two months, on September 3 they finally arrived with: private donations.
On-chain, all you can see is which addresses sent coins to which. Coins bought by the government, donated by others, and internal transfers all look identical. To sort them out you’d need off-chain documents—and this document was provided by the party being reviewed and was not published. The IMF’s own transparency standards say what it should be is “publicly verifiable.”
On BTC, $590 million is just 0.0039% of a $1.53 trillion market cap—supply doesn’t carry much weight. What matters is the foundation: the largest sample of sovereign buying demand has been swapped—from a policy you can trace to a few pages of paper nobody can see. Watch two things—whether the IMF Executive Board approves that roughly $140 million, and whether “buy one coin every day” will still appear in the official narrative.
What do you think about coins in the reserves whose sources can’t be made clear?$BTC
