- The initial investment of the nation was $287.1 million, and the current value is over $644.4 million.
- Currently, the country holds around 6,181 BTC, whose worth is estimated at $639 million, as per the Bitcoin office of the country.
The recent price surge of Bitcoin has led to an increase in the value of the BTC holdings of El Salvador. The President of the nation posted a screenshot on X that showed the current worth of Bitcoin holdings being more than $644 million.
The post also reveals that the bitcoin bet of El Salvador has accumulated more than $357 in unrealized profit. The profit mirrors the recent rally of BTC, which is nearing its previous all-time high of $108,786, recorded on January 20.
Currently, the country holds around 6,181 BTC, whose worth is estimated at $639 million, as per the Bitcoin office of the country. The President, Bukele, continued the bitcoin accumulation regardless of the agreements of country with the IMF to restrict bitcoin-associated activities in exchange for a financing package.
Bitcoin Accumulation is Not Going To Stop
A bill was passed by the country’s legislature in January 2025 that included making bitcoin acceptance voluntary for the private sector of the country. To encourage financial inclusion, El Salvador became the first country to officially adopt BTC as a legal tender in June 2021.
Since then, the country has been actively and gradually collecting BTC. In March, the president put a stop to all the speculations that suggested that the BTC accumulation would stop soon.
He wrote on X that, “This all stops in April. This all stops in June. This all stops in December. No, it is not stopping.” The Bitcoin Treasuries data suggests that El Salvador is now the sixth-largest sovereign Bitcoin holder after the U.S, China, the U.K., Ukraine, and Bhutan.
Some other countries have also participated in the race, while others are just watching. The ex-Chief Executive Officer of Binance, Changpeng Zhao, revealed last month that he is been suggesting to governments around the world, pro bono, on how to develop national crypto reserves.
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