Last updated on March 11th, 2025 at 09:00 am
El Salvador has increased its Bitcoin holdings by purchasing an additional 5 BTC, supplementing its usual acquisition of 1 BTC daily.
This move comes just days after the Central American nation bought 5 BTC during a market dip.
The country’s Bitcoin Office reported that the recent purchase brings El Salvador’s total Bitcoin reserves to approximately 6,111.18 BTC, valued at around 504 million at the current market price.
????????El Salvador buys 5 more bitcoin this afternoon!
➡️Total SBR Holdings: 6,111.18 BTC
➡️Total BTC added to SBR today: 6 BTCCheck it out ???? pic.twitter.com/Pk7NBEt9WR
— The Bitcoin Office (@bitcoinofficesv) March 9, 2025
The latest Bitcoin purchases mark a substantial increase in El Salvador’s BTC holdings, which stood at around 5,700 BTC at the start of 2025. President Nayib Bukele recently reaffirmed the country’s commitment to accumulating Bitcoin, assuring his 7.3 million followers on X that the strategy will continue without pause.
In a post addressing the nation’s stance, Bukele stated,
“If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.”
However, the country’s ambitious accumulation strategy comes amid pressure from the International Monetary Fund (IMF), which approved a 1.4 billion loan to El Salvador, mandating the government to reduce its Bitcoin purchases. The IMF has expressed concerns about volatility, fiscal risks, and financial stability. In response, El Salvador’s Legislative Assembly passed a bill to adjust its Bitcoin adoption strategy to meet the IMF’s conditions, with a vote of 55 in favour and 2 against. Despite this, the country remains committed to its Bitcoin accumulation, asserting its dollar-based economy is stable alongside BTC integration.
Further cementing its commitment to promoting Bitcoin adoption, El Salvador’s National Library (BINAES) has launched a dedicated Bitcoin section to increase public understanding of the cryptocurrency. This initiative will feature a curated collection of Bitcoin literature and a full-node display led by Bitcoin educator PupusasG, a prominent Salvadoran advocate and CUBO+ graduate. The effort underscores the nation’s vision of solidifying Bitcoin’s role within its financial system.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”
