๐ธ๐ป El Salvador BTC Holdings
Total BTC Purchased:
Value in USD:
๐ These totals are automatically updated.
El Salvador’s Bitcoin Policy: A Bold Experiment
El Salvador’s journey with Bitcoin has been marked by significant milestones and challenges. Below is a comprehensive timeline of key events, presented in reverse chronological order:
๐ Key Events & Timeline
Date | Event |
---|---|
March 5, 2025 | President Nayib Bukele reaffirmed El Salvador’s commitment to continue purchasing Bitcoin as a strategic reserve, despite the International Monetary Fund’s (IMF) recommendations to halt public sector Bitcoin acquisitions. [link] |
March 4, 2025 | The IMF expressed concerns over El Salvador’s ongoing accumulation of Bitcoin, advising the government to cease public sector purchases to mitigate financial risks. [link] |
January 30, 2025 | Under pressure from the IMF, El Salvador revoked Bitcoin’s status as legal tender, transitioning its use from mandatory to voluntary and prohibiting its use for tax payments. [link] |
December 18, 2024 | El Salvador secured a $1.4 billion loan agreement with the IMF, which included stipulations to reduce Bitcoin purchases and eliminate its mandatory acceptance as legal tender. [link] |
March 2024 | El Salvador’s Bitcoin holdings reached a 50% profit, with Bitcoin’s price surpassing $69,000. [link] |
December 2023 | El Salvador’s Bitcoin investments turned profitable, with holdings valued at $3.7 million more than the purchase price. [link] |
September 2023 | Two years post-adoption, Bitcoin usage in El Salvador remained low, with only 1.3% of remittances transferred via cryptocurrencies. [link] |
March 2023 | The government expanded its geothermal-powered Bitcoin mining operations. [link] |
November 2022 | President Bukele announced plans for El Salvador to purchase 1 BTC per day. [link] |
March 2022 | El Salvador postponed its $1 billion “Volcano Bond” issuance, citing unfavorable market conditions. [link] |
January 2022 | The IMF urged El Salvador to discontinue Bitcoin as legal tender due to financial risks. [link] |
November 2021 | Plans for a tax-free, Bitcoin-powered city funded by Bitcoin-backed bonds were unveiled. [link] |
October 2021 | The government initiated its strategic Bitcoin reserve by purchasing 400 BTC. [link] |
September 7, 2021 | El Salvador officially made Bitcoin legal tender, allowing it to be used for all transactions alongside the U.S. dollar. [link] |
Bitcoin Wallets
El Salvador has publicly disclosed certain Bitcoin wallet addresses linked to its national reserves:
Note: Holdings may change as funds are moved between wallets.
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