El Salvador has made a symbolic addition of 21 bitcoin to its national reserves, celebrating the fourth anniversary of its landmark decision to adopt bitcoin as legal tender.
President Nayib Bukele announced the purchase on September 7, coinciding with “Bitcoin Day,” the date the legislation was formally approved in 2021.
With this purchase, El Salvador’s treasury now holds 6,313 BTC, valued at over $701 million according to government data.
The country reportedly invested $300 million to build its position, resulting in more than $400 million in unrealized gains.
Progress since bitcoin adoption
Government officials highlighted several milestones, including the establishment of the world’s first Strategic Bitcoin Reserve, the launch of the CUBO+ Bitcoin and Lightning developer program, and the certification of 80,000 public servants in bitcoin-related training.
The legal framework for digital assets has also expanded, with an Investment Banking Law passed in 2025.
Stacy Herbert, Director of the Bitcoin Office, emphasized the government’s commitment:
“The Bitcoin Office has consistently delivered extraordinary results by focusing on only high integrity partners and projects for our team …and this is just the beginning.”
Ongoing transparency debate
Despite the celebratory tone, El Salvador’s bitcoin policy remains under international scrutiny.
The International Monetary Fund (IMF) has questioned the transparency of the country’s reported bitcoin holdings, suggesting in a July report that some increases may be due to internal asset reorganizations rather than new purchases.
However, the government maintains that it continues to buy bitcoin daily.
Looking ahead
El Salvador’s approach positions the nation as a global leader in bitcoin integration, though questions remain about long-term sustainability and external oversight. The country’s bitcoin policy continues to attract both praise and skepticism as it marks four years since its historic move.
