El Salvador spent $100 million to buy 1,090 Bitcoins, and its total holdings hit 7,500 BTC

đŸ‘€ 79eh@Violet 📅 2026-04-03 02:09:27

El Salvador purchased an additional 1,090 Bitcoins for an additional US$100 million, and its holdings exceeded 7,474, demonstrating the ambition of the national encryption strategy.
(Preliminary summary: El Salvador split 6,285 Bitcoins into 14 wallets: to resist the threat of quantum attacks)
(Background supplement: El Salvador hinted at launching a "Bitcoin Bank", presidential adviser: BTC is unstoppable)

About an hour ago, the El Salvador government bought another 1,090 Bitcoins, spending about $100 million, pushing the country's holdings to 7,474.37 BTC, with a market value of approximately US$688 million, which is a large purchase that has been rare in the long term. Faced with Bitcoin’s recent decline, President Nayib Bukele once again showed his strong confidence in BTC.

El Salvador spent $100 million to buy 1,090 Bitcoins, and the total holdings hit 7,500 Bitcoins BTC

National Strategy and Economic Achievements

El Salvador’s Bitcoin Office publishes its wallet address, allowing outsiders to track holdings in real time. According to statistics, as of September 2025, the country spent US$300 million to accumulate 6,313 BTC, with unrealized gains of more than US$400 million, and a return rate of approximately 133%.

In terms of people's livelihood, through Bitcoin and the Lightning Network, overseas remittance fees can be reduced from the traditional 10% to less than 1%; the tourism industry has also grown by 55% due to the "Bitcoin Pilgrimage" craze.

However, the overall use of cryptocurrency in the country is still low. El Salvador faces challenges such as insufficient infrastructure, uneven distribution of public usage and the cost of transforming the banking system. Bitcoin price volatility could also hit its public finances.

Generally speaking, some domestic people have limited trust in the government’s Bitcoin plan, and the actual penetration rate of Bitcoin in daily payments remains to be seen.

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79eh@Violet

79eh@Violet

Blockchain and cryptoassets editor, focusing ontechnologyDomain content analysis and insights

Comment (10)

Dorian 87days ago
Blockchain empowers the real economy, which is the right way.
Hunter 87days ago
Agreed, decentralization is still a long-term mission.
Connor 87days ago
The views are rational and the analysis is good.
Finn 87days ago
What are the main risks of liquidity mining in DeFi?
Hunter 87days ago
The industry will be more mature in the future.
Hannah 88days ago
What does TPS of blockchain mean?
Isla 88days ago
In the future, industry narratives will be more realistic.
Calvin 88days ago
The development of blockchain is inseparable from community power.
Hayden 88days ago
I very much agree that competition in public chains will become more intense in the future.
Elspeth 103days ago
There is a fundamental contradiction between identity anonymity and traceability.

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