El Salvador increases Bitcoin reserves

On February 4, the government of El Salvador purchased 11 BTC at an average price of $101,816 per coin, investing just over $1.1 million in the deal. Later, an additional 1 BTC was bought for $99,114, as confirmed by official Bitcoin Office tracker data.

Over the past 30 days, the country has acquired 60 BTC, and over the past week—21 BTC. This means the national Bitcoin fund continues to grow, strengthening El Salvador’s position in the digital economy.

Impact of the IMF agreement

El Salvador’s recent Bitcoin investments followed a $1.4 billion agreement with the IMF, under which the country adjusted its cryptocurrency policy. Bitcoin became optional for businesses, the government withdrew from the Chivo wallet project, and legislation was amended to align with the agreement’s conditions.

However, El Salvador did not abandon its BTC accumulation strategy and, just one day after the agreement, purchased another $1 million worth of cryptocurrency, reaffirming its commitment to this course.

Prospects and future steps

Stacy Herbert, Director of the National Bitcoin Office, confirmed the consistency of El Salvador’s strategy, while the Bitcoin Office announced plans to increase BTC purchases in 2025. Despite market fluctuations and the IMF agreement, the country continues to build an economy based on Bitcoin, maintaining its status as a digital pioneer.