🇸🇻 NEW: Bukele denies claims that El Salvador transferred its strategic Bitcoin reserves, saying only Chivo shares were transferred.

What happened

El Salvador's President Nayib Bukele denied claims that the country transferred its strategic Bitcoin reserves. He stated that only shares of Chivo, the government's Bitcoin wallet company, were transferred, not the nation's Bitcoin holdings.

Confirmed

Global impact / market context

If true, this clarifies that El Salvador still holds its strategic Bitcoin, which may reassure investors worried about government sales. Large official Bitcoin sales can lower the price, so this denial could support market confidence.

Analyst inference

Bitcoin prices often react to news about large holders, including governments. A confirmed transfer of reserves might be seen as selling pressure, while a denial could reduce such concerns. This news relates to Bitcoin's supply and perceived government commitment.

Analyst inference

What to watch

1. Watch for any official statements from El Salvador's government or Bukele that provide more details about the Chivo share transfer and clarify the status of the strategic Bitcoin reserves. Confirmed
2. Monitor Bitcoin's price movement for any short-term reaction to this news, which could indicate whether investors are reassured by the denial or remain cautious about potential future transfers. Proposed
3. Pay attention to whether other news sources or officials confirm or contradict Bukele's statement, as conflicting information could create uncertainty about El Salvador's actual Bitcoin holdings and government policy. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com