El Salvador has reached a significant milestone in its national Bitcoin strategy, with its treasury holdings now totaling 7,500 BTC, valued at approximately $667–677 million. This figure was confirmed through public announcements from President Nayib Bukele's administration and government-linked tracking data.
The accumulation has notably accelerated over the past month. In the last 30 days, the country added 1,120 BTC to its reserves, marking one of its strongest accumulation periods since the initiative began. A particularly aggressive purchase occurred on November 18, accounting for 1,090 BTC of that total. Smaller, consistent purchases continue, with the treasury balance growing by 8 BTC in the past week alone.
President Nayib Bukele, instrumental in implementing the Bitcoin Law and orchestrating major purchases, reaffirmed the strategy, stating, "El Salvador is buying one Bitcoin every day!" This reflects the "1 BTC per day" policy announced in November 2022. The Bitcoin Office of El Salvador plays a central role in managing and reporting these holdings.
This move solidifies El Salvador's position as the world's first sovereign Bitcoin accumulator with publicly tracked holdings. The strategy underscores a long-term commitment to Bitcoin as a cornerstone of national financial policy, despite market volatility. The government employs a mixed approach of opportunistic large-scale purchases during market pullbacks and routine dollar-cost averaging.
While a legal recalibration in January 2025 removed Bitcoin's mandatory legal-tender status, the government's policy continues to support strategic accumulation. Analysts suggest El Salvador's public, disciplined approach serves as a real-time case study for other nations considering cryptocurrency investments, potentially influencing global perceptions of Bitcoin's role in national reserves and increasing sovereign demand.
