March 5, 2025

at

12:00 am

EST

(Updated:

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El Salvador Purchases 5 BTC

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    The El Salvador Government entity on Arkham
    The El Salvador Government entity on Arkham

    The El Salvador government continues with their BTC purchase program of 1 BTC per day, which has been ongoing since 2021. This week, they purchased 5 BTC ($416K) in a single day, deviating from their usual plans. The recent purchases bring their total balance to 6,103 BTC, which is worth just over $511M at today’s prices.

    The El Salvador Government’s most recent purchase of 5 BTC
    The El Salvador Government’s most recent purchase of 5 BTC

    The purchases continue despite El Salvador’s recent deal with the International Monetary Fund (IMF), in which the IMF made a $1.4B loan to the El Salvador government, in exchange for limiting their involvement in Bitcoin-related activities. These conditions include the slowdown of their purchase program and the removal of mandatory acceptance of the asset by merchants, among other conditions.

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