El Salvador has added 21 Bitcoin to its nationwide holdings in a symbolic transfer to have fun the fourth anniversary of adopting Bitcoin as authorized tender.
President Nayib Bukele disclosed the acquisition in a Sept. 7 publish on X, noting that the acquisition coincided with “Bitcoin Day,” when the nation formally accepted the crypto in 2021.
With this addition, El Salvador’s Bitcoin treasury now stands at 6,313 BTC, value greater than $701 million based on authorities figures.
In keeping 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 strengthened 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 equivalent 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 “biggest nation model on this planet: BITCOIN COUNTRY.”
She added:
“The Bitcoin Workplace has persistently 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 issues.
The Worldwide Financial Fund (IMF) questioned the transparency of El Salvador’s reported Bitcoin holdings. In a July report, the IMF advised that the nation’s rising Bitcoin steadiness mirrored inner asset reorganizations slightly than ongoing each day purchases.
This immediately challenges statements from El Salvador’s Nationwide Bitcoin Workplace, which has persistently asserted that the federal government continues to purchase Bitcoin each day.
