On October 1, a multilateral institution disbursed about $138 million to El Salvador, while waiving a set of unmet criteria, including one concerning Bitcoin accumulation. The amount was listed as 101.96 million special drawing rights; another institution put it at $139 million. The difference between the two figures comes down to the conversion basis.
The waived criterion covered voluntary accumulation by the public sector—that is, purchases and mining. It did not cover coins obtained through seizure or forfeiture. A September review found that the coins appearing in government wallets after the first review came from private donations, not public resources, and therefore did not fall under that criterion. The donors’ identities and the amount of each donation were not disclosed. The waiver did not cancel the criterion; it simply moved this batch of coins outside its scope.
The total was given as about 7,792 coins, worth roughly $618 million at the time; under another methodology, the same batch came to between $598 million and $660 million. The cap covered purchases and mining, while the donation carve-out had neither a cap nor transaction-by-transaction details. The same document retained another requirement: majority ownership and operational control of the state-owned wallet had been transferred to a private operator, while the government kept a minority stake and responsibility for custody of customer assets. The document required the remaining exposure to be fully unwound. The coins’ source had no cap, but the wallet exposure had to be unwound.
Four market readings diverged that day. Bitcoin (BTC) fell 1.23% on the day and 3.04% over seven days; Stellar fell 5.69% and 11.64%; Algorand fell 4.12% and 4.46%; the U.S. dollar stablecoin reading hovered around 0.01% both for the day and over seven days. On the day the policy took effect, the figures differed by several orders of magnitude, while the dollar-pegged line was almost flat.
I see two separate parts: one records the action, the other the source. The waiver applies to the former; the latter remains blank. If future public documents provide transaction-by-transaction donation details and set a cap, I’ll have to revise this reading. If the details remain missing and no cap is set, this layer remains unresolved. The dollar-pegged line is tracking 1.0004. Binance’s quote page updates this figure daily; you can look it up yourself. This is an opinion note, not investment advice.$MET
$W
$ZEC
#imf豁免萨尔瓦多比特币持仓超限
The waived criterion covered voluntary accumulation by the public sector—that is, purchases and mining. It did not cover coins obtained through seizure or forfeiture. A September review found that the coins appearing in government wallets after the first review came from private donations, not public resources, and therefore did not fall under that criterion. The donors’ identities and the amount of each donation were not disclosed. The waiver did not cancel the criterion; it simply moved this batch of coins outside its scope.
The total was given as about 7,792 coins, worth roughly $618 million at the time; under another methodology, the same batch came to between $598 million and $660 million. The cap covered purchases and mining, while the donation carve-out had neither a cap nor transaction-by-transaction details. The same document retained another requirement: majority ownership and operational control of the state-owned wallet had been transferred to a private operator, while the government kept a minority stake and responsibility for custody of customer assets. The document required the remaining exposure to be fully unwound. The coins’ source had no cap, but the wallet exposure had to be unwound.
Four market readings diverged that day. Bitcoin (BTC) fell 1.23% on the day and 3.04% over seven days; Stellar fell 5.69% and 11.64%; Algorand fell 4.12% and 4.46%; the U.S. dollar stablecoin reading hovered around 0.01% both for the day and over seven days. On the day the policy took effect, the figures differed by several orders of magnitude, while the dollar-pegged line was almost flat.
I see two separate parts: one records the action, the other the source. The waiver applies to the former; the latter remains blank. If future public documents provide transaction-by-transaction donation details and set a cap, I’ll have to revise this reading. If the details remain missing and no cap is set, this layer remains unresolved. The dollar-pegged line is tracking 1.0004. Binance’s quote page updates this figure daily; you can look it up yourself. This is an opinion note, not investment advice.$MET
$W
$ZEC
#imf豁免萨尔瓦多比特币持仓超限