El Salvador celebrates Bitcoin milestone with symbolic 21 BTC purchase
El Salvador has added 21 Bitcoin to its nationwide holdings in a symbolic transfer to have fun the fourth anniversary of adopting Bitcoin as authorized tender.
President Nayib Bukele disclosed the purchase in a Sept. 7 submit on X, noting that the acquisition coincided with “Bitcoin Day,” when the nation formally authorized the crypto in 2021.
With this addition, El Salvador’s Bitcoin treasury now stands at 6,313 BTC, price greater than $701 million based on authorities figures.
According to Dropstab data, the Central American nation has invested $300 million to fund these acquisitions, yielding an unrealized revenue of greater than $400 million.
Meanwhile, this transaction was much less about market positioning and extra about symbolism.
By marking the anniversary with one other Bitcoin purchase, Bukele bolstered his authorities’s dedication to a coverage that has outlined his administration’s financial identification.
El Salvador’s Bitcoin embrace
El Salvador’s Bitcoin Office highlighted the progress made because the landmark determination in 2021.
Officials pointed to milestones similar to establishing the world’s first Strategic Bitcoin Reserve, launching the CUBO+ Bitcoin and Lightning developer program, and certifying 80,000 public servants in Bitcoin-related training.
The workplace additionally highlighted the authorized framework launched for digital asset markets, together with the Investment Banking Law passed in 2025.
Speaking on these milestones, Stacy Herbert, the Director of the Bitcoin Office, framed the event as a part of efforts to construct the “best nation model on the earth: BITCOIN COUNTRY.”
She added:
“The Bitcoin Office has persistently delivered extraordinary outcomes by specializing in solely high integrity companions and initiatives for our crew …and that is only the start.”
(*21*)
Yet, whereas the federal government framed the anniversary as a celebration of progress, worldwide observers raised issues.
The International Monetary Fund (IMF) questioned the transparency of El Salvador’s reported Bitcoin holdings. In a July report, the IMF recommended that the nation’s rising Bitcoin stability mirrored inner asset reorganizations somewhat than ongoing each day purchases.
This instantly challenges statements from El Salvador’s National Bitcoin Office, which has persistently asserted that the federal government continues to purchase Bitcoin each day.
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