El Salvador's Bitcoin Stash Grows to 7,762 BTC Despite IMF Reservations

Another Day, Another Bitcoin Added

El Salvador’s national bitcoin reserve grew again this week, with the government confirming its holdings now stand at 7,762 $BTC. The purchase continues a policy of buying one bitcoin per day regardless of its price (ever since the country became the first nation to make bitcoin legal tender in 2021).

Between January and April alone, the government added more than 1,600 coins to its reserve, a pace that has shown no sign of slowing five years into the experiment.

Additionally, it bears mentioning that the accumulation has continued despite a $1.4 billion IMF financing agreement that explicitly asked El Salvador to confine its public-sector bitcoin purchases and make merchant acceptance voluntary. Bitcoin’s formal legal-tender status was rescinded through a legislative amendment tied to that same IMF deal, but the reserve-buying policy was never part of the rollback.

The government kept adding to its stack without interruption, with President Nayib Bukele being blunt about why and calling the reserve a long-term position.

A $BTC Coffer Worth Nearly $600 Million

At bitcoin’s price near $77,000, El Salvador’s stack is worth in the neighborhood of $598 million, making the country one of the largest disclosed sovereign holders of bitcoin in the world, trailing only a handful of nations with far larger economies. That figure moves daily along with the market, which is precisely the point Bukele has made repeatedly.