My First Bitcoin, a leading Bitcoin education program in El Salvador, has officially shut down its local operations and dissolved its partnership with the Ministry of Education. Founded in 2021 as an independent nonprofit, the organization provided free, beginner-friendly classes and developed a formalized Bitcoin Diploma in collaboration with the government in 2023.
The program educated over 27,000 students in person, with most being public school youth, and distributed its curriculum to schools in 2024. However, the initiative ended in April 2025, with no new programs introduced. Founder John Dennehy stated, Our ambition was always to change the world, but we had to start with a single student, then a single city, then a single nation. Now we are ready to raise the potential impact from 6 million people to 8 billion.
This closure aligns with El Salvador's policy reversals on Bitcoin, following a $1.4 billion IMF bailout in December 2024 that required winding down Bitcoin projects and halting government BTC purchases. In January 2025, lawmakers revised the Bitcoin law to make acceptance voluntary for businesses. The IMF reported in mid-2025 that El Salvador had not bought new Bitcoin since the deal, though the Bitcoin Office website still shows holdings of 6,374 BTC, valued at approximately $654.8 million.
My First Bitcoin is now transitioning to a global focus, supporting teachers and programs in countries like Argentina, Costa Rica, and Colombia through open-source materials and remote training, aiming to create a worldwide online learning network.
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