Nayib Bukele denies transfer of El Salvador’s Bitcoin reserves to private parties

President Nayib Bukele denied reports that El Salvador transferred its Bitcoin reserves to private parties, asserting the reserves remain under government control. He framed the on-chain movements cited by critics as administrative or mischaracterized and called the allegations false. This clarification should limit reputational risk and potential market or investor concern about misappropriation, underscoring that on-chain transfers require context before being interpreted as loss of state custody.