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El Salvador Sticks With 'One Bitcoin a Day' Purchase: Has Nayib Bukele-Led Nation's Crypto Bet Paid Off?

El Salvador's national Bitcoin treasury has crossed the $600 million threshold as the nation continues its programmatic strategy of purchasing one Bitcoin every day. With its latest acquisition, the country's sovereign reserves climbed to 7,762.37 BTC, valued at approximately $602.84 million based on prevailing market prices. This brings El Salvador's unrealized profit on its digital asset portfolio to roughly $167.82 million, according to tracker DropsTab. Under President Nayib Bukele, El Salvador has secured its position as the holder of the world's fifth-largest sovereign Bitcoin reserve. Despite pressure from the International Monetary Fund to suspend public cryptocurrency purchases under a $1.4 billion funding deal, the administration has remained steadfast in its accumulation program, maintaining daily buys through 2026 even after amending its legislation to make merchant acceptance voluntary. The steady accumulation underscores El Salvador's long-term commitment to state-level cryptocurrency integration and balance sheet diversification, reinforcing structural sovereign demand despite short-term market fluctuations and Bitcoin trading near $77,482.98.

Category

Bitcoin

Sentiment

Bullish

Event

Institutional flow

Reading time

1 min