4-3-2025 – Amid a sharp downturn in cryptocurrency markets, El Salvador acquired an additional 5 Bitcoin on Monday evening, valued at approximately $415,000, as the premier digital asset tumbled to $83,000, according to intelligence from Arkham.
The Central American nation’s Bitcoin reserves have now reached 6,100 coins, currently worth roughly $510 million. Since November 2022, the government has steadfastly maintained its strategy of daily Bitcoin purchases, adding one coin every 24 hours.
This latest acquisition comes in an interesting context, following the International Monetary Fund’s recent approval of a $1.4 billion loan package on 27 February. The agreement notably stipulated that El Salvador must curtail government involvement in cryptocurrency activities, including official Bitcoin purchases and transactions.
To satisfy IMF requirements whilst maintaining its digital asset strategy, El Salvador has implemented several adjustments. These include making Bitcoin acceptance voluntary across the country and scaling back government participation in Bitcoin-focused initiatives. The IMF arrangement primarily aims to enhance public finances and governance whilst carefully managing risks associated with the nation’s pioneering cryptocurrency programme.
At press time, Bitcoin was trading at approximately $83,700, representing a significant 8% decline over the preceding 24-hour period, according to figures from CoinGecko.
Beyond its cryptocurrency endeavours, the administration of President Nayib Bukele has been actively pursuing technological advancement on multiple fronts. In a notable diplomatic engagement, Bukele recently convened with Andreessen Horowitz’s founding partners, Ben Horowitz and Marc Andreessen, to explore potential technology and artificial intelligence investments in the country.
These high-level discussions centred on transforming El Salvador into a regional technology hub through strategic policy reforms, including the implementation of a 0% tax rate for technology industries and the creation of a regulatory framework conducive to AI development. The talks also examined how technological progress and targeted investments might position El Salvador as a premier destination for innovation in the Americas.
