El Salvador has added 21 Bitcoin to its nationwide holdings in a symbolic transfer to have a good time the fourth anniversary of adopting Bitcoin as authorized tender.
President Nayib Bukele disclosed the acquisition in a Sept. 7 submit on X, noting that the acquisition coincided with “Bitcoin Day,” when the nation formally permitted the crypto in 2021.
With this addition, El Salvador’s Bitcoin treasury now stands at 6,313 BTC, price greater than $701 million in keeping with authorities figures.
In accordance with Dropstab knowledge, the Central American nation has invested $300 million to fund these acquisitions, yielding an unrealized revenue of greater than $400 million.
In the meantime, this transaction was much less about market positioning and extra about symbolism.
By marking the anniversary with one other Bitcoin purchase, Bukele bolstered his authorities’s dedication to a coverage that has outlined his administration’s financial identification.
El Salvador’s Bitcoin embrace
El Salvador’s Bitcoin Workplace highlighted the progress made for the reason that landmark determination in 2021.
Officers pointed to milestones corresponding to establishing the world’s first Strategic Bitcoin Reserve, launching the CUBO+ Bitcoin and Lightning developer program, and certifying 80,000 public servants in Bitcoin-related coaching.
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The workplace additionally highlighted the authorized framework launched for digital asset markets, together with the Funding Banking Regulation handed in 2025.
Talking on these milestones, Stacy Herbert, the Director of the Bitcoin Workplace, framed the event as a part of efforts to construct the “best nation model on this planet: BITCOIN COUNTRY.”
She added:
“The Bitcoin Workplace has constantly delivered extraordinary outcomes by specializing in solely excessive integrity companions and tasks for our workforce …and that is only the start.”
But, whereas the federal government framed the anniversary as a celebration of progress, worldwide observers raised issues.
The Worldwide Financial Fund (IMF) questioned the transparency of El Salvador’s reported Bitcoin holdings. In a July report, the IMF urged that the nation’s rising Bitcoin stability mirrored inner asset reorganizations moderately than ongoing day by day purchases.
This instantly challenges statements from El Salvador’s Nationwide Bitcoin Workplace, which has constantly asserted that the federal government continues to purchase Bitcoin day by day.
