El Salvador Buys 1.6 BTC Daily, Boosts Holdings to 6,081 BTC
- El Salvador now buys 1.6 BTC daily, increasing its holdings to 6,081 BTC worth $579.9M.
- Since December 2024, El Salvador added 93.417 BTC at an average price of $98,579.
- El Salvador’s Bitcoin purchases signal a long-term commitment to digital asset integration.
El Salvador’s Bitcoin acquisition plan continues to gain momentum, with the Central American nation significantly increasing its daily Bitcoin purchases. Since December 22, 2024, the government has raised its buying rate from 1 BTC to nearly 1.6 BTC per day. The country continues its Bitcoin strategy by embracing this currency as a foundational element in its national financial structure. The nation of El Salvador maintains possession of 6,081 BTC, which has a market value of $579.9 million as of February 2025.
El Salvador’s Bitcoin Accumulation Efforts
Since the country began its accelerated Bitcoin purchase plan in December, El Salvador has maintained a steady accumulation approach by adding substantial Bitcoin to its wallet. The government acquired 93 BTC over a few months before it persisted with its efforts to build a stronger reserve.
The daily Bitcoin transactions amount to between 1 BTC and 11 BTC, with a purchase cost of $98,579. The government’s purchases demonstrate its active strategy of incorporating Bitcoin within the economy. After its acquisition, the government uses market volatility to obtain products at optimal prices when the market price drops.
Bitcoin’s Market Dynamics and Implications
Bitcoin experienced significant price volatility when El Salvador accumulated it through governmental purchases. The price of Bitcoin fluctuated between $95,000 and $99,000 when El Salvador bought it and the government typically purchased it when values were lower. These market dynamics indicate that El Salvador is positioning itself to weather the cryptocurrency market’s volatility while steadily growing its Bitcoin holdings.
Recent price movements may have established new support levels for Bitcoin, which could be further reinforced by government purchases at their chosen price points. When a sovereign state purchases Bitcoin, it exerts significant market influence, as its actions reflect the adoption of Bitcoin as legal currency.
El Salvador’s Bitcoin acquisition strategy is developing as institutions worldwide begin actively joining the cryptocurrency market. The Bitcoin exchange-traded fund market continues to expand because major institutional investment firms including BlackRock, invest actively in Bitcoin assets. The combined institutional support and El Salvador’s actions show a growing belief that Bitcoin can become an established asset class.
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