El Salvador is stacking BTC fast, grabbing 21 more last week, pushing holdings to 6,068 BTC, worth $592M, despite IMF pressure.
El Salvador, the first country to make Bitcoin legal tender, is going all in on BTC again. Over the past week, it stacked 21 more BTC, bringing its total stash to 6,068 BTC—worth around $592 million. The country’s National Bitcoin Office (ONBTC) confirmed the latest buy, showing that El Salvador isn’t slowing down its Bitcoin strategy.
On Feb 4, 2025, the country copped 12 BTC in two separate buys—11 BTC at an average of $101,816 each and another 1 BTC at $99,114. This adds up to a solid 60 BTC purchase in just the last month. Originally, El Salvador planned to buy 1 BTC daily, but now it’s grabbing larger chunks, likely taking advantage of U.S. government Bitcoin auctions selling seized BTC for cheap.
The aggressive Bitcoin accumulation follows its $1.4B deal with the IMF, in which El Salvador loosened some Bitcoin policies; among them, the rule for mandatory BTC acceptance was lifted. Still, the country is doubling down on its Bitcoin future.
El Salvador’s moves are making waves around the world, with countries such as the United States, Brazil, the Czech Republic, and Poland watching intently, considering whether to start stacking BTC themselves.
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