El Salvador Continues Bitcoin Accumulation Spree, Adds 2 More BTC to Its Reserve

The country, which typically buys one Bitcoin per day as part of its long-term accumulation strategy, has been accelerating its purchases in recent weeks.

El Salvador has added to its Bitcoin holdings, purchasing two more BTC on February 1, according to government data.

The country, which typically buys one Bitcoin per day as part of its long-term accumulation strategy, has been ramping up its purchases in recent weeks.

El Salvador now holds 6,055 BTC, worth over $612 million, with more than 70 BTC acquired in the past month alone.

Despite striking a $1.4 billion agreement with the International Monetary Fund (IMF), which required changes to its Bitcoin policies, the country remains committed to expanding its Bitcoin reserve.

As part of the deal, El Salvador made Bitcoin payments optional, reduced government involvement in the crypto sector, and privatized the Chivo wallet.

One day after finalizing the IMF agreement, the government acquired 11 BTC, worth over $1 million. The pace of accumulation has since picked up, with an additional 12 BTC purchased on January 19.

Officials from El Salvador’s National Bitcoin Office have indicated that Bitcoin purchases may ramp up even further in 2025.

The country’s approach to Bitcoin has caught the attention of major players in the financial sector. A report from Fidelity Digital Assets, titled 2025 Look Ahead, highlighted El Salvador’s Bitcoin strategy as a potential catalyst for broader adoption among nation-states.

Analysts at Fidelity argue that as Bitcoin’s role in the global economy expands, larger countries may feel pressure to follow El Salvador’s lead, fearing the consequences of missing out on Bitcoin ownership.