Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
El Salvador celebrates Bitcoin milestone with symbolic 21 BTC purchase

El Salvador celebrates Bitcoin milestone with symbolic 21 BTC purchase

CryptoSlate2025/09/08 03:12
By: Oluwapelumi Adejumo
BTC+0.11%RSR-2.97%

El Salvador has added 21 Bitcoin to its national holdings in a symbolic move to celebrate the fourth anniversary of adopting Bitcoin as legal tender.

President Nayib Bukele disclosed the purchase in a Sept. 7 post on X, noting that the acquisition coincided with “Bitcoin Day,” when the country formally approved the crypto in 2021.

With this addition, El Salvador’s Bitcoin treasury now stands at 6,313 BTC, worth more than $701 million according to government figures.

According to Dropstab data, the Central American country has invested $300 million to fund these acquisitions, yielding an unrealized profit of more than $400 million.

Meanwhile, this transaction was less about market positioning and more about symbolism.

By marking the anniversary with another Bitcoin buy, Bukele reinforced his government’s commitment to a policy that has defined his administration’s economic identity.

El Salvador’s Bitcoin embrace

El Salvador’s Bitcoin Office highlighted the progress made since the landmark decision in 2021.

Officials pointed to milestones such as establishing the world’s first Strategic Bitcoin Reserve, launching the CUBO+ Bitcoin and Lightning developer program, and certifying 80,000 public servants in Bitcoin-related training.

The office also highlighted the legal framework introduced for digital asset markets, including the Investment Banking Law passed in 2025.

Speaking on these milestones, Stacy Herbert, the Director of the Bitcoin Office, framed the development as part of efforts to build the “greatest country brand in the world: BITCOIN COUNTRY.”

She added:

“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.”

Yet, while the government framed the anniversary as a celebration of progress, international observers raised concerns.

The International Monetary Fund (IMF) questioned the transparency of El Salvador’s reported Bitcoin holdings. In a July report, the IMF suggested that the country’s growing Bitcoin balance reflected internal asset reorganizations rather than ongoing daily purchases.

This directly challenges statements from El Salvador’s National Bitcoin Office, which has consistently asserted that the government continues to buy Bitcoin daily.

The post El Salvador celebrates Bitcoin milestone with symbolic 21 BTC purchase appeared first on CryptoSlate.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Respect the PUMP: Crypto’s emerging meme season

Crypto is shifting into risk-on mode — pump.fun dominates meme activity, while Lido leans on treasury maneuvers

Blockworks2025/09/14 21:57
Mars Weekly | CARDS market cap surpasses $650 million, reaching a record high; probability of a 50 basis point Fed rate cut in September is 6.6%

Ethereum Foundation has released an end-to-end privacy roadmap, focusing on three main areas: privacy writing, reading, and proof, and plans to launch the experimental L2 PlasmaFold. CARDS market cap hits a record high, and pump.fun's live stream numbers have surpassed Rumble. The Shibarium cross-chain bridge suffered an attack, resulting in a loss of $2.4 million. Summary generated by Mars AI. The accuracy and completeness of this summary generated by the Mars AI model are still in the iterative update stage.

MarsBit2025/09/14 20:20

Trending news

More
1
Respect the PUMP: Crypto’s emerging meme season
2
Bittensor Hits Escape Velocity as Decentralized AI Adoption Accelerates

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,930.08
+0.03%
Ethereum
Ethereum
ETH
$4,622.47
-0.79%
XRP
XRP
XRP
$3.05
-2.39%
Tether USDt
Tether USDt
USDT
$1
+0.00%
Solana
Solana
SOL
$241.67
+0.16%
BNB
BNB
BNB
$933.63
+0.20%
USDC
USDC
USDC
$1
+0.03%
Dogecoin
Dogecoin
DOGE
$0.2799
-2.88%
TRON
TRON
TRX
$0.3490
-0.25%
Cardano
Cardano
ADA
$0.8911
-4.13%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter