El Salvador added 21 BTC to its reserves to mark the fourth anniversary of its Bitcoin law, bringing national holdings to approximately 6,313 BTC, valued at over $701 million. President Nayib Bukele announced: “Buying 21 bitcoin for Bitcoin Day.” 

Key takeaways:

• The 21 BTC purchase is symbolic, hinting at Bitcoin‘s 21 million total supply cap.
• Since March last year, El Salvador has been adding about 1 BTC per day via its Bitcoin Office.
• Despite IMF loan conditions calling for a halt in public BTC purchases, the country continues to report new acquisitions.

Reserves and strategy
El Salvador now holds one of the world‘s largest state Bitcoin reserves at 6,313 BTC. Government data indicates around $300M invested with over $400M in unrealized gains at current prices. Holdings were redistributed across 14 wallets capped at 500 BTC each to mitigate potential quantum computing threats.

Under IMF conditions

Even though the IMF loan agreement signed in late 2024 required an end to public Bitcoin buys, the government remains transparent and continues to report purchases. Compliance assessments will run through 2027.

Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.