El Salvador's national Bitcoin reserves have surpassed 7,500 BTC. Despite volatility in international financial markets and ongoing concerns from the International Monetary Fund (IMF), El Salvador continues its strategy of accumulating Bitcoin as a long-term reserve asset.
According to El Salvador's National Bitcoin Office, the country currently holds over 7,500 Bitcoins. Based on recent market prices, the value of these coins is approximately $670 million. The Bitcoin price has been volatile in recent weeks, trading around $89,000.
Since becoming the first country in the world to adopt Bitcoin as legal tender in 2021, El Salvador has been accumulating Bitcoin regardless of market conditions. The government previously publicly announced a policy of "purchasing 1 BTC per day," and the country's reserves have steadily increased since then. However, the details of the method and timing of these purchases have not been fully disclosed in recent years.
This increase in holdings is drawing even more attention in El Salvador's relationship with the IMF. El Salvador has been coordinating its Bitcoin policy during its financial agreement with the IMF, and the IMF has repeatedly raised concerns about financial risks and transparency. A recent IMF report also highlighted El Salvador's Bitcoin policy as a key area of scrutiny.
Nevertheless, the El Salvadoran government views Bitcoin not as a short-term price fluctuation, but as part of a long-term national strategy. The government is gradually introducing Bitcoin and blockchain technology into its education and financial systems, with key goals being to reduce the cost of international remittances, expand financial accessibility, and attract technology-based investment.
Despite price volatility and international scrutiny, El Salvador's choice remains unchanged. The global financial market is once again focused on the implications of this experiment, accumulating Bitcoin as a national reserve asset, for future fiscal stability and economic structure.
