IMF Disburses Up to $140M to El Salvador, Waiving Bitcoin Accumulation Limits

The International Monetary Fund completed the second and third reviews of El Salvador's $1.4 billion Extended Fund Facility, disbursing $138 million to $140 million after granting a waiver for exceeding agreed Bitcoin limits. The IMF accepted that excess holdings originated from private donations rather than public expenditure. To unlock the full loan, the IMF requires El Salvador to halt state-led purchases, divest Chivo wallet control, maintain voluntary usage, and enforce AML audits. El Salvador currently holds 7,789 BTC at an average purchase price of $55,718, representing approximately $226 million in unrealized profit.