Summary:
The initial Bitcoin investment of El Salvador worth $287.1 million now amounts to more than $644 million. It has nearly 6,181 BTC in the country valued at approximately 639 million dollars. The president of El Salvador, Bukele reaffirms that accumulation of Bitcoin in the country will go on regardless of restrictions by IMF. The recent surge in the prices of bitcoin has created an unrealized gain of over 357 million dollars to El Salvador. On January 2025, El Salvador enacted a law that forced voluntary acceptance of Bitcoins by the private sector.
The increasing Bitcoin wallet of El Salvador
Sky-high Bitcoin plans of El Salvador are yielding great results. El Salvador started accumulating BTC reserves since shifting to accepting Bitcoin as the legal tender in June 2021. The original investment of a little over a quarter of a billion (287.1 million) has since multiplied by more than two times, becoming over half a billion (and counting) thanks to the current Bitcoin pricing surge.
El Salvador, as of today, has approximately 6,181 BTC, which has value of approximately 639 million USD, according to the Bitcoin office of El Salvador. This hoarding makes El Salvador the sixth-largest independent Bitcoin holder in the world after the U.S., China, the U.K., Ukraine and Bhutan.
President Bukele: This All Stop? No It Is Not Stopping
Even though the International Monetary Fund (IMF) placed pressure on President Nayib Bukele to limit Bitcoin activity in exchange of funding, the president is sticking to his vision of using Bitcoin. He spoke on the issue of speculations on pausing purchases of BTC by saying on X:
This comes to an end in April. This halts in June. This all comes to a halt in December. It is not stopping, no.
It is true that this announcement proves that the Bitcoin accumulation plan in El Salvador is something that is bound to become permanent declared by a strong belief in the potential of Bitcoin going forward.
Financial inclusion and legal Framework
A bill passed by El Salvador legislature in January 2025 balancing regulation and innovation made acceptance of Bitcoin voluntary to the private sector. The action will increase financial inclusion as individuals and businesses will pursue Bitcoin on their terms.
The innovative works of El Salvador caught the attention of the world and made other nations consider implementing the idea of crypto reserves at the national level. The past president of Binance, Changpeng Zhao, has recently acknowledged that he has been consulting governments across the world on their crypto strategies, the expression of the increased stranglehold of crypto on global finances.
The Future of the Bitcoin Revolution of El Salvador
As bitcoins approach their former peak of $108,786, the position of the central bank in Bitcoin in El Salvador already accrues more than $357 million in market value. With the country still walking the journey of exploiting the changing crypto environment, the unwavering policy of President Bukele is an indication of the belief that Bitcoin will remain a central part of the economic development of his state in the upcoming years.