In a new step to enhance Bitcoin's position in its economy, El Salvador announced the "Bitcoin Banks" project, which aims to integrate the digital currency more broadly into the national financial system.
The Bitcoin office in the country revealed images of the new project, which comes after a series of government moves supporting the currency since its adoption as legal tender in 2021.
Historic Bitcoin Purchase
The government announced the purchase of 21,021 Bitcoins at a total value of approximately $2.46 billion, with an average price of $117,256 per unit, during the period from late July to early August 2025. This operation is considered one of the largest institutional purchases of the digital currency, reflecting the state's confidence in the future of Bitcoin.
This step has sparked widespread global interaction, as markets have seen increased liquidity and varied responses from investors, between supporters and skeptics of this trend.
Strategic Dimensions
Since El Salvador became the first country to adopt Bitcoin as an official currency, it has been working to establish itself as a global center for financial innovation in the cryptocurrency space. CoinMarketCap data indicates that Bitcoin is currently trading at around $116,446, with a market cap exceeding $2.32 trillion and a market dominance of 59.56%.
Analysts believe that these initiatives may pave the way for greater global adoption of digital currencies, prompting governments to reconsider their regulatory frameworks, alongside stimulating the development of the technological infrastructure associated with the sector.
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