El Salvador has significantly increased its Bitcoin acquisition rate, now purchasing approximately 1.6 BTC per day a notable jump from its previous strategy of acquiring just 1 BTC daily. Since December 22, 2024, the country has been steadily adding to its Bitcoin reserves, accumulating 93.417 BTC at an average purchase price of $98,579 per BTC.
This increase in daily purchases signals a renewed confidence in Bitcoin’s long-term value proposition and highlights the nation’s continued commitment to integrating Bitcoin into its economic strategy. The government’s buying pattern suggests a mix of regular dollar-cost averaging (DCA) and opportunistic bulk purchases, ranging from 1 BTC to 11 BTC per transaction.
According to on-chain data, El Salvador’s total Bitcoin holdings have now reached 6,081 BTC, valued at approximately $579.9 million based on current market prices. These holdings remain secured in government-controlled cold wallets, with transactions routed through Bitfinex, one of the leading crypto exchanges.
The latest accumulation pattern shows that the government continues to strategically buy Bitcoin during market fluctuations, taking advantage of dips while ensuring steady growth in its reserves. The decision to increase the daily Bitcoin acquisition rate could indicate a more aggressive stance toward future price expectations, especially as the next Bitcoin halving event approaches.
Bitcoin Transactions and El Salvador’s Strategy
Data from Spot on chain provides insight into El Salvador’s Bitcoin inflows over the past month. Recent notable transactions include: February 18, 2025: 1 BTC added at $95,550, February 17, 2025: 1 BTC acquired for $96,372, February 16, 2025: 1 BTC bought at $97,616, February 15, 2025: 1 BTC purchased for $98,559
The inflow of 93.417 BTC, amounting to approximately $9.209 million, suggests that the country remains fully committed to its Bitcoin accumulation plan. Importantly, there have been no recorded outflows, indicating that El Salvador is holding its BTC for the long term rather than engaging in active trading or liquidations.
El Salvador’s increasing Bitcoin acquisitions reaffirm its position as the first nation-state to officially adopt Bitcoin as legal tender. With this continued accumulation, the country is solidifying its stance as a pioneer in sovereign Bitcoin adoption. This move could also serve as an indicator of growing institutional and governmental confidence in Bitcoin, particularly as traditional financial systems face inflationary pressures. By increasing its reserves, El Salvador may be positioning itself to benefit from potential long-term price appreciation, especially if Bitcoin enters another bullish cycle.
With 6,081 BTC now under its control, the nation is demonstrating a high level of commitment to its Bitcoin-centric financial strategy. Whether this trend continues will likely depend on future market movements, regulatory developments, and macroeconomic factors affecting Bitcoin’s global adoption. For now, El Salvador remains a leading example of Bitcoin adoption at the national level, setting a precedent that other governments may look to follow in the coming years.
