El Salvador has added 21 Bitcoin to its nationwide holdings in a symbolic transfer to rejoice 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 line with authorities figures.
In response to Dropstab knowledgethe 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 strengthened his authorities’s dedication to a coverage that has outlined his administration’s financial id.
El Salvador’s Bitcoin embrace
El Salvador’s Bitcoin Workplace highlighted the progress made because the landmark choice in 2021.
Officers pointed to milestones resembling 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 the earth: BITCOIN COUNTRY.”
She added:
“The Bitcoin Workplace has constantly delivered extraordinary outcomes by specializing in solely excessive integrity companions and tasks for our group …and that is just the start.”
But, whereas the federal government framed the anniversary as a celebration of progress, worldwide observers raised considerations.
The Worldwide Financial Fund (IMF) questioned the transparency of El Salvador’s reported Bitcoin holdings. In a July report, the IMF prompt that the nation’s rising Bitcoin steadiness mirrored inner asset reorganizations somewhat than ongoing each 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 each day.
