El Salvador Celebrates 4 Years of Bitcoin Legal Tender with 21 BTC Purchase
El Salvador simply marked the fourth anniversary of its Bitcoin authorized tender regulation with a symbolic acquisition of 21 BTC.
The buy comes regardless of International Monetary Fund (IMF) restrictions following a $1.4 billion mortgage settlement.
Symbolic 21 BTC Purchase
El Salvador purchased 21 BTC on September 7 to rejoice the fourth anniversary of its Bitcoin Law, with the newest buy being a symbolic nod to the flagship cryptocurrency’s 21 million provide cap. President Nayib Bukele confirmed the purchase on Sunday, revealing that the nation’s Bitcoin reserve now holds 6,313 BTC, valued at over $702 million.
The Bitcoin Office additionally celebrated the milestone on X by showcasing key achievements since El Salvador turned the primary nation to ascertain a nationwide Bitcoin stockpile. The nation has launched CUBO+, a growth program devoted to advancing BTC and Lightning Network applied sciences.
It now provides public schooling initiatives in BTC and synthetic intelligence, with 80,000 public servants licensed in Bitcoin literacy. The authorities has additionally handed a brand new banking regulation that enables monetary establishments that maintain the digital foreign money to function and supply companies to classy buyers.
The Bitcoin Law, handed in 2021, made El Salvador the primary nation on the planet to undertake BTC as authorized tender alongside the U.S. greenback. The coverage was promoted as a solution to enhance monetary inclusion and cut back remittance prices for its residents.
IMF Restrictions
The authorities was compelled to tug again its insurance policies to conform with a December 2024 mortgage deal from the IMF. Under the Extended Fund Facility settlement, El Salvador agreed to make BTC acquisitions by public entities voluntary and withdraw from the government-run Chivo pockets program.
These circumstances have been later built-in into nationwide coverage by way of amendments to the Bitcoin Law made by the nation’s Congress. The IMF (*21*) Board then permitted the financing deal in February 2025, permitting an preliminary disbursement of $120 million.
In July 2025, the IMF published a report revealing that the Central American nation had not bought any new BTC since signing the mortgage settlement. According to officers, its early efficiency below this system has been sturdy, with the nation assembly key fiscal and reserve targets. It additionally doubled down on its stance, stating that efforts have been being made to make sure the federal government doesn’t add to its BTC holdings, with future disbursements topic to compliance.
Despite the formal limitations imposed by the deal, the Bitcoin Office has (*4*)its technique of buying one BTC per day that started in March 2024. President Bukele has persistently emphasised his dedication to cryptocurrency as a core ingredient of the nation’s technique.
He beforehand affirmed on social media, “No, it’s not stopping,” in reference to El Salvador’s ongoing accumulation. His administration has additionally expanded the nation’s Bitcoin-related infrastructure by way of education schemes and supportive laws.
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