7-7-2025 – El Salvador has added 8 BTC to its national reserves over the past week, bringing its total Bitcoin holdings to 6,230.18 BTC, valued at approximately $679 million, according to data from the Ministry of Finance. The acquisition, first reported by the National Bitcoin Office, underscores the country’s ongoing commitment to cryptocurrency as a cornerstone of its financial strategy.
Since adopting Bitcoin as legal tender in 2021, El Salvador, under President Nayib Bukele, has pursued a deliberate accumulation strategy, often buying during market dips. The latest purchase aligns with Bitcoin’s price stabilization around $108,000–$109,000, reflecting a calculated move to capitalize on market conditions. Despite a 2024 agreement with the International Monetary Fund to limit public-sector Bitcoin accumulation, El Salvador continues its daily purchase program, raising questions about compliance and economic strategy.
The nation’s Bitcoin reserves have grown steadily, with a reported unrealized profit of over $333 million as of late 2024. However, public adoption remains low, with only 8.1% of Salvadorans using Bitcoin for transactions last year, per a Central American University survey. Challenges, including security issues with the state-run Chivo wallet, have tempered domestic enthusiasm, though the government remains focused on integrating cryptocurrency into its economy.
