Bitcoin Hits New ATH
El Salvador, the Nayib Bukele-led country with a strong Bitcoin affinity, has recorded more than 475 million in unrealized gains for its Bitcoin holdings.
The president shared the country’s Bitcoin portfolio recently on X, citing that the reserves have now risen to around $775 million. This means that the bag has increased by approximately 162% since 2022.
As it stands, El Salvador’s Bitcoin holdings have roughly 6,246 BTC. Coincidentally, this comes at a time when the flagship cryptocurrency has hit a new All-time High (ATH).
CoinMarketCap data shows that BTC is currently trading at $123,187.59, with a 0.7% increase within the last 24 hours. This price spike has pushed the coin to the position of the world’s seventh most valuable or largest asset.
El Salvador and its Bitcoin Journey
Globally, El Salvador is recognized as the first country that support the use of Bitcoin as legal tender.
Since that time, it has intentionally pursued a strong Bitcoin acquisition journey, consistently adding to its holdings. However, it has recently faced some backlash from the International Monetary Fund (IMF) for this decision.
As a criterion for a $1.4 billion loan deal, the agency had advised that the country scale back on its involvement with Bitcoin.
El Salvador has still never stopped buying Bitcoin, a position that is demonstrated in its recent milestone. On the brighter side, this Bitcoin acquisition strategy has proven to have long-term potential, especially with the recently recorded $475 million in unrealized gains.
El Salvador Celebrates Fourth Bitcoin Day
On September 7, El Salvador celebrated “Bitcoin Day” to mark the fourth anniversary of the Bitcoin legal tender law, which took effect in September 2021.
At the time, the country’s Bitcoin strategic reserve held about 6,313 BTC at the time, valued at more than $702 million. This was quite significant, considering that the country has reversed many of its Bitcoin policies in recent months
Also, it was at this time that El Salvador’s Bitcoin Office introduced a new banking law that allows BTC investment banks to serve sophisticated investors. In addition, it noted the certification of 80,000 public servants in Bitcoin-related skills as of 2025.
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