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

đŸ‘€ transfer999@Violet 📅 2026-04-02 06:13:06

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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transfer999@Violet

Blockchain and cryptoassets editor, focusing ontechnologyDomain content analysis and insights

Comment (10)

Helen 85days ago
The views are clear and the analysis is in place.
Queen 85days ago
After a transaction is uploaded to the chain, is it really completely unmodifiable?
Ian 85days ago
Agree that the implementation of technology is the long-term value.
Aubrey 85days ago
We may overestimate the short-term impact of technology and underestimate the long-term impact.
Rick 85days ago
The market is still exploring its direction.
Malachi 85days ago
Recognition, community building is crucial.
Xenia 91days ago
Technology is good technology, but it has been exploited by too many scams.
Jill 95days ago
How is a digital currency wallet address generated?
Xanthe 114days ago
The technology stack will be more modular in the future.
Patrick 115days ago
Are coin mixers legal?

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