- El Salvador added 12 BTC, raising its total holdings to 6,068 BTC, worth over $554M.
- The government continues buying Bitcoin despite an IMF deal limiting its crypto involvement.
- Officials plan to intensify Bitcoin purchases in 2025, reinforcing their long-term strategy.
El Salvador has increased its Bitcoin reserve by purchasing 12 Bitcoin during a market dip. The government bought 11 Bitcoin on Feb. 4 for over $1.1 million at an average price of $101,816. Later, it added 1 more Bitcoin for $99,114, according to the Bitcoin Office tracker.
Government Continues Bitcoin Accumulation Strategy
The Bitcoin Office reported that El Salvador holds 6,068 BTC worth over $554 million. According to the Bitcoin Office, the nation acquired 21 Bitcoin this week and 60 Bitcoin over the last 30 days. Government officials maintain that the Strategic Bitcoin Reserve serves as a crucial element within the country’s economic framework.
The El Salvadoran government maintains Bitcoin acquisition even after its agreements with the International Monetary Fund. The El Salvador government reached a $1.4 billion IMF agreement in January through which they agreed to step back from active Bitcoin operations. However, the country still maintains its Bitcoin acquisition plan.
Bitcoin Prices and Market Trends
The Bitcoin price reached a daily minimum of $96,000 then stabilized at around $98,000. CoinGecko data indicates it remains below its intraday high of over $100,700. The government appears to be taking advantage of price dips to accumulate more Bitcoin.
Market analysts are closely watching how El Salvador’s Bitcoin strategy aligns with its economic policies. The IMF deal required the country to modify its Bitcoin laws, including making Bitcoin acceptance optional for businesses. Despite these adjustments, El Salvador has continued its purchasing strategy.
Future Bitcoin Plans Remain Unchanged
National Bitcoin Office Director Stacy Herbert stated that El Salvador’s Bitcoin plans remain unchanged. A Bitcoin Office spokesperson previously confirmed that the country plans to continue its Bitcoin accumulation strategy.
El Salvador aims to intensify its Bitcoin purchases in 2025. The country’s commitment to expanding its Bitcoin reserve demonstrates confidence in the digital asset despite ongoing economic discussions with the IMF.
