El Salvador expands Bitcoin reserves to 6,292 BTC
El Salvador has quietly added another 8 bitcoins to its national reserves over the past week, bringing its total holdings to 6,292.18 BTC, worth about $696 million at current prices.
The accumulation is part of President Nayib Bukele’s “1 Bitcoin a Day” dollar-cost averaging program, launched in late 2022, which commits the country to steady purchases regardless of market volatility.
Since becoming the first nation to adopt Bitcoin as legal tender in 2021, El Salvador has turned crypto into a pillar of its economic strategy. The government has backed Bitcoin bonds, proposed the construction of a tax-free “Bitcoin City” powered by geothermal energy, and launched state-run mining initiatives tied to the country’s volcanoes.
While the country’s holdings have fluctuated between paper losses and profits during past market cycles, Bitcoin’s rally above $110,000 in 2025 has returned El Salvador’s reserves to profit. Although the government does not disclose exact purchase prices, estimates from blockchain analysts suggest El Salvador’s average buy-in is around $40,000–$45,000 per BTC. At current prices above $110,000, the country’s unrealized gains exceed $400 million. This puts Bukele’s controversial gamble back into the green, after critics once accused him of “gambling with taxpayer money” when BTC plunged below $20,000 in 2022.
The experiment continues to draw both praise and criticism. Supporters point to El Salvador’s bold leadership in integrating digital assets into national finance, while critics - including the IMF and World Bank - warn that tying public funds to such a volatile asset could destabilize the economy.
Despite skepticism, Bukele has doubled down. “Bitcoin is the future,” he said earlier this year, arguing that the cryptocurrency provides a hedge against inflation and dependence on the U.S. dollar.
For now, El Salvador remains the only country with a sovereign Bitcoin treasury strategy. But its moves are being closely watched by other nations - from Argentina, where pro-Bitcoin sentiment has grown, to Bhutan, which has disclosed limited mining operations.
Since becoming the first nation to adopt Bitcoin as legal tender in 2021, El Salvador has turned crypto into a pillar of its economic strategy. The government has backed Bitcoin bonds, proposed the construction of a tax-free “Bitcoin City” powered by geothermal energy, and launched state-run mining initiatives tied to the country’s volcanoes.
While the country’s holdings have fluctuated between paper losses and profits during past market cycles, Bitcoin’s rally above $110,000 in 2025 has returned El Salvador’s reserves to profit. Although the government does not disclose exact purchase prices, estimates from blockchain analysts suggest El Salvador’s average buy-in is around $40,000–$45,000 per BTC. At current prices above $110,000, the country’s unrealized gains exceed $400 million. This puts Bukele’s controversial gamble back into the green, after critics once accused him of “gambling with taxpayer money” when BTC plunged below $20,000 in 2022.
The experiment continues to draw both praise and criticism. Supporters point to El Salvador’s bold leadership in integrating digital assets into national finance, while critics - including the IMF and World Bank - warn that tying public funds to such a volatile asset could destabilize the economy.
Despite skepticism, Bukele has doubled down. “Bitcoin is the future,” he said earlier this year, arguing that the cryptocurrency provides a hedge against inflation and dependence on the U.S. dollar.
For now, El Salvador remains the only country with a sovereign Bitcoin treasury strategy. But its moves are being closely watched by other nations - from Argentina, where pro-Bitcoin sentiment has grown, to Bhutan, which has disclosed limited mining operations.
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Has been exploring the enigmas of the crypto industry since 2017, transforming them into accessible narratives. Relies on dark chocolate and nuts as a secret source of energy and inspiration.
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