Summary:
- El Salvador’s initial Bitcoin investment of $287.1 million has grown to over $644 million.
- The country currently holds around 6,181 BTC, valued at approximately $639 million.
- President Bukele confirms the country’s Bitcoin accumulation will continue despite IMF restrictions.
- Bitcoin’s recent price surge has generated more than $357 million in unrealized profit for El Salvador.
- In January 2025, El Salvador passed a bill making Bitcoin acceptance voluntary for the private sector.
El Salvador’s Growing Bitcoin Treasury
El Salvador’s ambitious Bitcoin strategy is showing impressive results. Since officially adopting Bitcoin as legal tender in June 2021, the country has steadily increased its BTC reserves. The initial investment of $287.1 million has now more than doubled, with the current valuation exceeding $644 million due to the recent Bitcoin price rally.
According to the Bitcoin office of El Salvador, the nation currently holds around 6,181 BTC, valued at approximately $639 million. This accumulation places El Salvador as the sixth-largest sovereign Bitcoin holder worldwide, following the U.S., China, the U.K., Ukraine, and Bhutan.
President Bukele: “This All Stops? No, It Is Not Stopping”
Despite pressure from the International Monetary Fund (IMF) to restrict Bitcoin-related activities in exchange for financing, President Nayib Bukele remains committed to his Bitcoin vision. He addressed rumors about halting BTC purchases, stating on X:
“This all stops in April. This all stops in June. This all stops in December. No, it is not stopping.”
This declaration confirms that El Salvador’s Bitcoin accumulation strategy is here to stay, signaling strong confidence in Bitcoin’s long-term potential.
Legal Framework and Financial Inclusion
In January 2025, El Salvador’s legislature passed a bill that made Bitcoin acceptance voluntary for the private sector, balancing regulation and innovation. This move aims to foster financial inclusion by encouraging businesses and citizens to engage with Bitcoin on their own terms.
El Salvador’s pioneering efforts have not only attracted global attention but also inspired other countries to explore national crypto reserves. Changpeng Zhao, the former CEO of Binance, recently revealed he has been advising governments worldwide on developing crypto strategies — a testament to the growing influence of digital currencies on global finance.
The Future of El Salvador’s Bitcoin Journey
With Bitcoin nearing its previous all-time high of $108,786, El Salvador’s BTC holdings have amassed over $357 million in unrealized profit. As the country continues to navigate the evolving crypto landscape, President Bukele’s steadfast approach signals an ongoing commitment to Bitcoin as a critical pillar of the nation’s economic future.