El Salvador celebrates its Bitcoin Law Buying USD $ 2.3 million BTC
By Hannah Pérez
President Nayib Bukele announced yesterday the purchase of 21 BTC to celebrate the day that El Salvador became the first country in the world to recognize Bitcoin as legal tender.
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- President Nayib Bukele announced yesterday the purchase of 21 BTC on Sunday.
- 4 years ago, the country became the first in the world to recognize Bitcoin as legal currency.
- Despite the IMF pressure, El Salvador continues to buy 1 BTC daily.
- It has 6,313 BTC, equivalent to USD $ 707 million, in its sovereign reserve.
El Salvador bought Bitcoin (BTC) for a value of approximately USD $ 2.3 million to commemorate the fourth anniversary of your law of Bitcoinas announced by President Nayib Bukele.
“Buying 21 bitcoins for Bitcoin’s day“Bukele wrote Sunday in a publication In X.
Buying 21 Bitcoin for Bitcoin Day. pic.twitter.com/3x4ykeiqzg
– Nayib Bukele (@nayibbukele) SEPTEMBER 7, 2025
The Central American Nation became four years ago in the first in the world to recognize Bitcoin as legal tender. The National Assembly signed the Bitcoin Law –proposed by President Bukele– In June 2021, and entered into force on September 7. As part of its pro-written policy, the government claims to buy a Bitcoin Diary for your National Reserve.
According to data from the Bitcoin National Office of El Salvador, The nation currently maintains a total of 6,313 BTC, equivalent to USD $ 707 million, according to current market prices.
The announcement of the most recent purchase occurs despite an official statement issued in July to the International Monetary Fund (IMF), where the president of the Central Bank and the Minister of Finance affirmed that the public sector arrested the purchases of Bitcoins in February due to an agreement of a loan for more than USD $ 1 billion with the IMF.
The Legislative Assembly of El Salvador hurried at that time to approve a bill to amend its law Bitcoin in order to meet the requirements of the multimillionaire agreement with the IMF. The reform modified and eliminated several articles making the use of Bitcoin volunteer between companies and erasing the references that it is a legal tender coin equal to the US dollar in the country.
Even so, Bukele emphasized in March through a message in X that the purchases of Bitcoin They will not stop, despite international criticisms and pressures. Chain data show that the nation has continued to accumulate 1 BTC daily.
The country’s Bitcoin office recently distributed its holdings in 14 addresses as a security measure against possible quantum threats. In addition, last month, national legislators approved a law that allows the main financial institutions to obtain licenses to offer services called in Bitcoin and other digital assets to “sophisticated investors“
More recently, the Salvadoran government made a millionaire investment to increase its gold reserves for the first time in the last 35 years, diversifying its reserves of Bitcoin In the midst of an uncertain macro context and when the precious metal reaches a new price of more than $ 3,600.
The price of BTC at the time of writing is USD $ 112,000, 10% below its maximum of USD $ 124,000.
Article written with the help of AI, edited by Diariobitcoin
Image of Unspash, edited
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