El Salvador’s Bitcoin (BTC) holdings have reached stratospheric heights, crossing the $760 million mark as the value of BTC soared past $122,000 over the weekend. Despite facing the ignominy of Bitcoin’s failure as legal tender in 2021, the country persisted in buying up digital assets.
El Salvador’s Bitcoin Stash: From Criticism to $760 Million Riches! 💰🌋
Currently, El Salvador holds a whopping 6,237 BTC, making the nation one of the most valuable sovereign crypto reserves in the world. In early 2025, the country repealed its regulation of Bitcoin as legal tender after facing a barrage of criticism.
Several critics blamed El Salvador’s poor policy-making for the country’s sovereign debt. Additionally, the International Monetary Fund (IMF) urged El Salvador to curb its Bitcoin ambitions.
However, despite the naysayers, President Nayib Bukele’s administration continued to buy Bitcoin as a sovereign asset. The move, once scorned, is now proving to be a masterstroke for the country as it holds over $762 million worth of BTC in its sovereign strategic Bitcoin reserve.
El Salvador: A Trailblazer for Strategic Bitcoin Reserve
Pravanv Agarwal, independent director at Jetking Infotrain India, is one of the many voices acknowledging El Salvador’s BTC success. He encouraged other countries to consider Bitcoin as part of their long-term strategic asset. He said, “The mark-to-market gains by El Salvador are a great indicator of how this approach accrues value over a rolling four-to-five-year period.”
Agarwal added, El Salvador’s president has the support of its elected representatives, which is why this Bitcoin surge became possible. Countries that previously hesitated in regulating a national strategic bitcoin reserve can now follow the lead of El Salvador to reach new heights in terms of cryptocurrency.
Final Thought
Cryptocurrency is a notoriously volatile digital asset, but as of July 2025, Bitcoin remains on solid ground. Industry experts say, if this surge continues, Bitcoin value would reach $124,000–$125,000 in the coming days, and countries could cherish their holdings just like El Salvador. The country remained unfazed by all the criticism and resulted in 3x Bitcoin holdings in 2025.
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2025-07-14 14:39