Simply put
- The rise in Bitcoin has exceeded $122,000, boosting El Salvador’s holdings to over $760 million, which is nearly three times its initial investment of about $42,000.
- Currently possessing over 6,200 BTC, the nation holds one of the most valuable sovereign crypto portfolios globally.
- Despite pressure from the IMF and scrutiny from the U.S., President Bukele is still adding BTC, which has sparked criticism while also defending the country’s digital currency stance.
President Nayib Bukele’s investment in Bitcoin is paying off as El Salvador’s crypto assets climbed past $760 million with digital currencies rising above $122,000 on Sunday. This strategy was once labeled reckless by global financial institutions.
According to Arkham Intelligence, El Salvador now has 6,237 BTC valued at over $762 million.
Bitcoin is currently trading at $122,121, reflecting a 3.7% increase over 24 hours, as per Coingecko. Considering the country’s estimated purchase price of $42,000, the value of these holdings has nearly tripled, while many conventional government investments yield only modest returns.
Since 2021, Bukele’s administration has embraced Bitcoin as legal tender, acquiring assets during market lows, which drew significant criticism and created diplomatic strain before the market shifted favorably for El Salvador.
“Sovereign and Central Banks should consider Bitcoin a key part of their long-term reserves,” remarked Pranavus Agarwal, an independent director at Jet King India—the first Bitcoin finance firm in the country. “El Salvador’s profits show the value of this approach over four to five years.” He suggested that it could serve as a valuable case study in global economics.
While addressing possible risks, Agarwal noted that if the government has backing from elected representatives, they might navigate internal regulatory risks effectively.
However, the international community continues to scrutinize El Salvador’s Bitcoin strategy.
Bukele assumed office last week, and U.S. Senators who introduced the 2025 Salvador Accountability Act aim to investigate the country’s Bitcoin usage and potential sanctions.
The IMF has previously urged El Salvador to rein in its crypto ambitions, leading to a rollback that made Bitcoin optional for businesses. Nonetheless, Bukele remains committed to increasing Bitcoin on the national balance sheet.
As Bitcoin hits new highs, traders are closely monitoring key levels for signs of momentum.
“Breakouts above the $119,500-$120,000 range with rising volumes indicate ongoing buying interest,” stated Pankaj Balani, CEO and co-founder of Delta Exchange. “A sustained movement past $122,000 could lead to prices between $124,000 and $125,000.”
