El Salvador’s Bitcoin (BTC) stash has just grown a lot bigger. The top crypto asset enjoyed a new all-time high of $122,838 on Monday morning, providing fuel for an all-around market rebound rally.
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El Salvador, the very first country around the globe to adopt Bitcoin (BTC) as legal tender, has inked a $61 million profit since initiating the Dollar Cost Average (DCA) strategy. Since November 18, 2022, El Salvador’s reigning President Nayib Bukele has declared an official “1 Bitcoin a day keeps the trouble away” tactic, but it wasn’t all sunshine & rainbows.
El Salvador’s $242M Bitcoin Profits Come With a Price
After continuous confrontation with the International Monetary Fund (IMF) over the digitalization of local economy via Bitcoin (BTC), the IMF went as far as to completely forbid El Salvador’s governmental bodies from acquiring Bitcoin (BTC), but Bukele’s courage didn’t stop the local economy from stacking up its local cold wallet balance.
As of press time, El Salvador’s Bitcoin holdings are exceeding $751 million, picking up 113% gains since adopting the DCA tactic & 148% overall. Intriguingly, the initial purchases back in September 2021 have been controversial due to Bukele buying Bitcoin (BTC) near the top, often citing his toilet seat as the surroundings for these transactions.
Since then, the IMF has been on Bukele’s case, but the recent headwinds showcase a different attitude towards the young Latin American country. The IMF has granted a $120 million subsidy to El Salvador in May, reaching a staff-level agreement in accordance with the Extended Fund Facility (EFF) act, allowing El Salvador to accelerate their economy.
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People Also Ask:
El Salvador surpassed previous national Bitcoin holdings, pushing its portfolio value to nearly $1 billion, with 6,233 BTC valued at approximately $754.18M.
The record was noted recently, with updates reflecting a portfolio value close to $1B as of mid-2025, building on consistent buys since its 2021 Bitcoin adoption.
The government uses a $150M cash reserve set aside in 2021, supplemented by remittances and profits from earlier Bitcoin investments, with no reported sales.
Volatility, environmental concerns from mining, and IMF pressure (post-2024 agreement to limit involvement) could impact sustainability and global perception.
Continued accumulation is likely, with potential to hit $1B soon, though regulatory and economic hurdles may shape future moves as a Bitcoin adoption pioneer.
