Bukele Denies BTC Reserve Transfer, Cites Chivo Shares
For investors, the key issue is whether El Salvador's sovereign Bitcoin position changed or the transaction was limited to Chivo-related shares.
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For investors, the key issue is whether El Salvador's sovereign Bitcoin position changed or the transaction was limited to Chivo-related shares.
The disclosure came with a deal unlocking $140M for El Salvador under its 40-month IMF program, as Bukele's government transferred majority control of Chivo to a private operator.
A $300M MSTR dilution to backstop preferred-stock payments highlights the capital pressure exposed by STRC's record decline.
The Binance founder framed it as cultural, not strategic: countries that don't broadcast their BTC accumulation will likely outpace those that do, with crypto's transparency also a regulatory asset.
The initiative dies procedurally — campaigners collected half the 100,000 signatures needed — but the SNB's prior liquidity and volatility objections leave the door closed on substance too.