El Salvador has made a symbolic addition of 21 bitcoin to its nationwide reserves, celebrating the fourth anniversary of its landmark resolution to undertake bitcoin as authorized tender.
President Nayib Bukele introduced the acquisition on September 7, coinciding with “Bitcoin Day,” the date the laws was formally authorized in 2021.
With this buy, El Salvador’s treasury now holds 6,313 BTC, valued at over $701 million in response to authorities information.
The nation reportedly invested $300 million to construct its place, leading to greater than $400 million in unrealized positive factors.
Progress since bitcoin adoption
Authorities officers highlighted a number of milestones, together with the institution of the world’s first Strategic Bitcoin Reserve, the launch of the CUBO+ Bitcoin and Lightning developer program, and the certification of 80,000 public servants in bitcoin-related coaching.
The authorized framework for digital belongings has additionally expanded, with an Funding Banking Legislation handed in 2025.
Stacy Herbert, Director of the Bitcoin Workplace, emphasised the federal government’s dedication:
“The Bitcoin Workplace has persistently delivered extraordinary outcomes by specializing in solely excessive integrity companions and tasks for our staff …and that is just the start.”
Ongoing transparency debate
Regardless of the celebratory tone, El Salvador’s bitcoin coverage stays beneath worldwide scrutiny.
The Worldwide Financial Fund (IMF) has questioned the transparency of the nation’s reported bitcoin holdings, suggesting in a July report that some will increase could also be as a consequence of inner asset reorganizations quite than new purchases.
Nevertheless, the federal government maintains that it continues to purchase bitcoin each day.
Wanting forward
El Salvador’s method positions the nation as a worldwide chief in bitcoin integration, although questions stay about long-term sustainability and exterior oversight. The nation’s bitcoin coverage continues to draw each reward and skepticism because it marks 4 years since its historic transfer.