In a symbolic gesture, El Salvador has increased its national
Bitcoin
reserves by 21 coins. This purchase marks the fourth anniversary of the
country’s groundbreaking decision to adopt Bitcoin as legal tender.
President
Nayib Bukele
announced the acquisition on X (formerly Twitter) on September 7th. He
stated that the purchase was timed to coincide with “Bitcoin Day,”
commemorating the date in 2021 when El Salvador officially embraced the
cryptocurrency.
Following this latest addition, El Salvador’s Bitcoin holdings now total
6,313 BTC. According to government estimates, this reserve is valued at over
$701 million.
According to
Dropstab
data
, the Central American nation has invested approximately $300 million in
accumulating these Bitcoins, resulting in an unrealized profit exceeding $400
million.
However, this recent transaction appears to be more about signaling
commitment than strategic market maneuvering.
By commemorating the anniversary with another Bitcoin purchase, President
Bukele is reaffirming his administration’s dedication to a policy that has
become a defining feature of El Salvador’s economic identity.
El Salvador’s Commitment to Bitcoin
The El Salvador Bitcoin Office celebrated the progress achieved since the
historic decision in 2021.
Officials highlighted key achievements, including the establishment of the
world’s first Strategic Bitcoin Reserve, the launch of the CUBO+ Bitcoin and
Lightning developer program, and the certification of
80,000 public sector employees in Bitcoin-related training.
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The Bitcoin Office also emphasized the regulatory framework established for
digital asset markets, including the
Investment Banking Law enacted in 2025.
Stacy Herbert, Director of the Bitcoin Office, described these developments
as part of an ongoing effort to build “the greatest country brand in the
world: BITCOIN COUNTRY.”
She
added:
“The Bitcoin Office has consistently delivered extraordinary results by
focusing on only high integrity partners and projects for our team …and
this is just the beginning.”
While the government celebrates this anniversary as a milestone of progress,
international organizations have voiced concerns.
The International Monetary Fund (IMF) has
questioned
the transparency surrounding El Salvador’s reported Bitcoin holdings. In a
report released in July, the IMF suggested that the nation’s growing Bitcoin
balance might reflect internal asset reallocations rather than consistent,
ongoing purchases.
This assertion directly contradicts statements from El Salvador’s National
Bitcoin Office, which maintains that the government continues to acquire
Bitcoin regularly.