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.
Although the total has since dipped slightly to approximately $637 million, El Salvador’s Bitcoin National Office reported that the nation’s holdings grew by over $137 million in the past 30 days.
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 slightly declined to around $637 million, El Salvador’s Bitcoin National Office reported that the nation’s holdings have grown by over $137 million in 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.
Bitfinex analysts noted that a combination of macroeconomic relief, strong ETF inflows, and growing anticipation that the Federal Reserve will maintain policy flexibility amid weakening economic indicators is driving the ongoing Bitcoin rally.
El Salvador has continued to discreetly accumulate Bitcoin, despite securing a $1.4 billion loan from the International Monetary Fund in December that included conditions to scale back public-sector involvement with cryptocurrency and revoke Bitcoin’s status as legal tender.
The country’s Bitcoin Office has maintained its policy of acquiring “one Bitcoin a day,” operating technically outside the parameters of the fiscal sector.
Built to Last
Bukele has consistently upheld the policy and affirmed its continuation.
In a March post on X, he wrote, “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.
Vedang Vatsa, founder of Hashtag Web3, stated that the profits reflect the potential of digital assets to enhance national wealth; however, he also cautioned that widespread adoption remains limited.
He emphasized that ambitious economic strategies work best when paired with broad public participation and a clear path toward long-term stability.
Vatsa remarked that although the returns are significant, “financial gains are only one part of the story,” and he highlighted the country’s adherence to IMF terms as indicative of “a more measured approach.”
El Salvador now ranks as the sixth-largest sovereign holder of Bitcoin, holding 6,181 BTC, following the United States, China, the United Kingdom, Ukraine, and Bhutan, according to data from Bitcoin Treasuries. Other nations are closely watching and have already begun taking steps in response.
Last month, Changpeng “CZ” Zhao, former CEO of Binance, revealed that he has been providing pro bono guidance to governments worldwide on developing national cryptocurrency reserves.
Zhao stated that he is holding discussions with numerous countries and recommending wallet solutions and cold storage configurations for state-held assets.
