El Salvador’s Bitcoin holdings have risen to 6,181 BTC, currently valued at $644 million—an increase of $137 million over the past month—placing the nation just behind the United States, China, the United Kingdom, Ukraine, and Bhutan in terms of sovereign BTC reserves.
The recent rally in Bitcoin has significantly increased the value of El Salvador’s holdings, with the asset continuing to be recognized as a strategic investment for the smallest nation in Central America.
A screenshot was shared by President Nayib Bukele on Sunday, displaying that the nation’s Bitcoin holdings had exceeded $644 million in value, following the addition of 30 BTC during the previous month.
Although the total has since declined slightly to approximately $637 million, it has been reported by El Salvador’s Bitcoin National Office that the nation’s holdings have expanded by over $137 million within the past 30 days.
The increase occurred as Bitcoin approached its all-time high on Sunday, momentarily reaching $106,500 before stabilizing at $103,172, based on data provided by CoinGecko.
It was noted by Bitfinex analysts that the ongoing Bitcoin rally is being driven by a combination of macroeconomic relief, robust ETF inflows, and increasing anticipation that the Federal Reserve will preserve policy flexibility in response to weakening economic indicators.
Bitcoin has continued to be discreetly accumulated by El Salvador, even after the country secured a $1.4 billion loan from the International Monetary Fund in December, which included conditions requiring a reduction in public-sector involvement with cryptocurrency and the reversal of Bitcoin’s legal tender designation.
The policy of acquiring “one Bitcoin a day” has been maintained by the country’s Bitcoin Office, which is technically classified outside the parameters of the fiscal sector.
Built to Last
The policy has been consistently upheld by Bukele, who has affirmed its continuation.
In a March post on X, it was written by him, “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, it’s not stopping,” emphasizing the continuation of the policy.
It was stated by Vedang Vatsa, founder of Hashtag Web3, that the profits reflect the potential of digital assets to enhance national wealth; however, a note of caution was added regarding the still-limited extent of widespread adoption.
It was emphasized by him that ambitious economic strategies are most effective when combined with extensive public participation and a clear pathway toward long-term stability.
It was remarked by Vatsa that although the returns are significant, “financial gains are only one part of the story,” and the country’s adherence to IMF terms was highlighted as indicative of “a more measured approach.”
El Salvador is now positioned as the sixth-largest sovereign holder of Bitcoin, with 6,181 BTC, following the United States, China, the United Kingdom, Ukraine, and Bhutan, according to data from Bitcoin Treasuries. Close attention is being paid by other nations, with some already beginning to take steps in response.
It was revealed last month by Changpeng “CZ” Zhao, former CEO of Binance, that he has been providing pro bono guidance to governments globally on the development of national cryptocurrency reserves.
It was stated by Zhao that discussions are being held with numerous countries, during which recommendations are being made regarding wallet solutions and cold storage configurations for assets held by the state.
