El Salvador Buys 21 BTC on Bitcoin Day, Treasury Hits $701M

El Salvador Buys 21 BTC on Bitcoin Day, Treasury Hits $701M
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El Salvador has purchased 21 additional Bitcoin to mark the fourth anniversary of adopting the cryptocurrency as legal tender. President Nayib Bukele announced the symbolic acquisition, bringing the country’s total holdings to 6,313 BTC valued at over $701 million. The move reinforces the government’s commitment to its Bitcoin-focused economic strategy despite ongoing international scrutiny.

  • El Salvador's Bitcoin treasury now holds 6,313 BTC with an unrealized profit exceeding $400 million on a $300 million investment
  • The country has established several Bitcoin initiatives including the world's first Strategic Bitcoin Reserve and trained 80,000 public servants in cryptocurrency
  • The IMF has questioned the transparency of El Salvador's Bitcoin holdings, contradicting government claims of daily purchases
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