El Salvador President Nayib Bukele rejected reports that the country transferred its Strategic Bitcoin Reserve to a private operator, saying they confused the reserve with a change in ownership and operational control of Chivo, the state-linked digital wallet. The dispute followed the IMF's September 3, 2026 statement on its staff-level agreement for combined second and third reviews of El Salvador's 40-month Extended Fund Facility. The IMF said Chivo's majority ownership and operational control had moved to an unnamed private operator, with the government retaining a minority stake and custody responsibilities for customer assets. Separately, it said documentation showed Bitcoin accumulation since the first review reflected private donations rather than public resources, and that no further accumulation beyond the documented donations was expected. El Salvador's tracker listed about 7,764 BTC on September 4, 2026, compared with about 6,224 BTC at the end of June 2025 and roughly 5,968 BTC when the IMF program was formalized in late 2024. Estimates in the new report put the holdings' cost basis near $388.9 million, implying an average acquisition price of roughly $50,000 per Bitcoin and an unrealized gain of about $239 million at a $628 million valuation. The IMF did not identify the donors, the private Chivo operator or wallet addresses separating reserve assets from other state-controlled and customer holdings. The staff-level agreement, which could release about $140 million, or SDR 101.96 million, remains subject to Executive Board approval and agreed prior actions.