- El Salvador has added 11 BTC worth $1.1M, increasing its national reserves to 6,067 BTC.
- The purchase follows the country’s $1.4B IMF deal, leading to changes in its Bitcoin policies.
- El Salvador added 20 Bitcoins over the last seven days amid market volatility.
El Salvador has added another 11 Bitcoins worth $1.1 million to its national reserves. According to the National Bitcoin Office’s latest data, the Treasury holds 6,067.18 BTC, valued at $616,049,643. The purchase comes amid complex dynamics between El Salvador’s cryptocurrency ambitions and its international financial obligations.
The balance history graph from the Bitcoin Office shows steady accumulation over the past month, with the Treasury adding 20 BTC worth $2,030,761 in the past week alone. This approach to building Bitcoin reserves shows a structured investment strategy rather than speculative trading. El Salvador’s continued Bitcoin purchases, despite IMF agreements and market volatility, suggest a carefully balanced approach between maintaining international financial relationships and continuing their BTC accumulation strategy.
The timing of this latest purchase is particularly noteworthy, coming during a period of market volatility. Bitcoin’s price has fluctuated greatly, dropping to $94,200 before briefly recovering to $102,000 and then settling around $98,000. El Salvador’s consistent buying strategy, even during market turbulence, shows a long-term perspective on Bitcoin’s value proposition.
Related: El Salvador Defies IMF Deal with New $1M Bitcoin Purchase
In December 2024, the country secured a $1.4 billion financing agreement with the International Monetary Fund (IMF), which included provisions for modifying certain aspects of its Bitcoin implementation. While the agreement led to making Bitcoin acceptance optional for private businesses and reducing government involvement in the Chivo wallet project, El Salvador’s fundamental Bitcoin strategy remains intact.
The country’s Bitcoin portfolio has shown decent performance since its initial adoption in September 2021.This is when El Salvador became the first nation to declare Bitcoin legal tender. As of January 20, 2025, the National Bitcoin Office reported profits of $179 million on their Bitcoin investments, validating President Nayib Bukele’s controversial decision to invest national reserves in cryptocurrency.
