No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeCentral AmericaEl SalvadorEl Salvador Boosts Bitcoin Reserves with 21 BTC on Bitcoin Day

El Salvador Boosts Bitcoin Reserves with 21 BTC on Bitcoin Day

President Nayib Bukele announced that El Salvador purchased 21 Bitcoin to mark the fourth anniversary of the country adopting the cryptocurrency as legal tender. The move brings the nation’s total Bitcoin reserves to 6,313.18 BTC, worth more than $701 million at current prices.

Bukele shared the news on X, posting a screenshot of the transaction and writing, “Buying 21 bitcoin for Bitcoin Day.” The 21 BTC, valued at around $2.3 million, fits into El Salvador’s ongoing strategy of regular purchases. In the past week alone, the government added 28 BTC to its stack.

El Salvador first made Bitcoin legal tender on September 7, 2021, becoming the first country to do so. Since then, Bukele’s administration has bought Bitcoin during price dips, treating it as a long-term asset. The latest buy comes amid Bitcoin trading near $111,000 per coin, pushing the country’s holdings into substantial unrealized gains.

The government tracks its Bitcoin through a public dashboard, showing steady accumulation. Bukele often points to profits from these holdings, with the treasury up over $200 million from initial buys. This approach contrasts with traditional reserves like gold, which El Salvador also holds.

El Salvador’s Bitcoin policy includes initiatives like the Chivo wallet for citizens and mining with geothermal energy. Adoption has grown, with businesses accepting BTC and tourists drawn to the experiment. Critics argue it adds volatility to public finances, but supporters see it as a hedge against inflation.

Bukele remains committed. He has said Bitcoin represents financial freedom for the country. With this latest addition, El Salvador shows no signs of slowing its Bitcoin buys. As prices fluctuate, the nation’s treasury continues to reflect that bet.

Trending Now

Costa Rica’s Whale and Dolphin Festival Returns This Weekend

If you have been waiting for the right weekend to see humpback whales in Costa Rica, this is it. The 16th Whale and Dolphin...

Costa Rica Route 1 Closing Overnight at Río Barranca

Route 1 will be shut at the Río Barranca bridge from 8 p.m. Saturday to 8 a.m. Sunday while crews pull three RECOPE fuel...

Costa Rica under green alert as Tropical Wave 40 arrives

If you have plans in the mountains, on the Caribbean coast or along the Pacific this weekend, build in some flexibility. Rain is coming,...

Costa Rica’s Monteverde Cloud Forest Is Drying Despite Heavy Rain

Monteverde remains one of Costa Rica’s wettest places, receiving more than 2,500 millimeters (98 inches) of rain a year. Yet scientists are finding signs...

Costa Rica Free Zones Lose Jobs for First Time in Seven Years

Employment in Costa Rica’s free-zone regime fell year over year in July for the first time in seven years, ending a long stretch of...

Costa Rica Police Officer Jailed for Allegedly Helping Diablo Drug Network

The Fuerza Pública officer, identified as Ureña, was detained this week during raids in Sarapiquí and Pococí. Prosecutors are investigating his suspected relationship with...

Costa Rica University Students Protest Proposed Funding Freeze

Students from Costa Rica’s public universities marched through San José yesterday protesting a government proposal that would keep university funding essentially flat in 2027...

A Bill Written for Route 32 Landslides Could Change National Park Law

The University of Costa Rica has recommended that lawmakers reject a bill easing construction inside national parks, warning its wording reaches far beyond Route 32.

US Open Celebrates Hispanic Heritage During 2026 Quarterfinals

The US Open is putting Hispanic and Latin American tennis in the spotlight today with its annual Hispanic Heritage celebration at the USTA Billie...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel