One more Bitcoin, purchased today, bringing El Salvador's total to 7,779 BTC. That's roughly $600 million at current prices, and the pattern behind it matters more than any single day's buy.
This is the "one Bitcoin per day" strategy still running, accumulated through dollar cost averaging since September 2021, and per the government's own claims, not a single coin has been sold.
The reserve now represents somewhere around 12 to 14% of El Salvador's total international reserves, a genuinely concentrated sovereign position in a single volatile asset, whatever you think of the strategy itself.
Worth being precise about the legal tender context here too, since it's changed. Bitcoin's original mandatory merchant acceptance requirement was dropped as part of a 2025 IMF agreement, worth $1.4 billion, that conditioned lending partly on the country moderating its Bitcoin exposure.
The dollar is now the practical reference currency for taxes and public obligations. And yet the accumulation itself never actually stopped, purchases have continued straight through 2025 into today, despite that same IMF language explicitly asking for holdings to remain stable rather than grow.
My honest read: that gap, between what the IMF agreement seems to ask for and what El Salvador's actually still doing, is the real story here, more than the headline number. A small nation continuing to accumulate a scarce asset against explicit multilateral pressure is either genuine conviction or a real diplomatic cost being absorbed, possibly both.
What I'm watching: whether the IMF relationship holds as these daily purchases continue, and whether this pace changes at all once the current IMF program's terms are actually up for renewal.
$BTC #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
This is the "one Bitcoin per day" strategy still running, accumulated through dollar cost averaging since September 2021, and per the government's own claims, not a single coin has been sold.
The reserve now represents somewhere around 12 to 14% of El Salvador's total international reserves, a genuinely concentrated sovereign position in a single volatile asset, whatever you think of the strategy itself.
Worth being precise about the legal tender context here too, since it's changed. Bitcoin's original mandatory merchant acceptance requirement was dropped as part of a 2025 IMF agreement, worth $1.4 billion, that conditioned lending partly on the country moderating its Bitcoin exposure.
The dollar is now the practical reference currency for taxes and public obligations. And yet the accumulation itself never actually stopped, purchases have continued straight through 2025 into today, despite that same IMF language explicitly asking for holdings to remain stable rather than grow.
My honest read: that gap, between what the IMF agreement seems to ask for and what El Salvador's actually still doing, is the real story here, more than the headline number. A small nation continuing to accumulate a scarce asset against explicit multilateral pressure is either genuine conviction or a real diplomatic cost being absorbed, possibly both.
What I'm watching: whether the IMF relationship holds as these daily purchases continue, and whether this pace changes at all once the current IMF program's terms are actually up for renewal.
$BTC #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
