El Salvador’s Bitcoin Reserve Turns Profitable as Bukele Defies IMF Pressure
President Nayib Bukele recently announced that El Salvador’s national Bitcoin reserve has reached over $357 million in unrealized profit, with the portfolio now valued at more than $644 million after an initial investment of about $287 million. This milestone comes as Bitcoin’s price approaches record highs, validating Bukele’s long-term strategy of accumulating BTC since making it legal tender in 2021.
Despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included requirements to limit public-sector crypto activities, Bukele has made it clear that El Salvador will continue buying Bitcoin. The government has maintained its policy of purchasing approximately one BTC per day, openly sharing wallet data for transparency and to counter critics who once called the move reckless.
Bukele’s public updates and the reserve’s strong performance have reinforced his commitment to Bitcoin, signaling that El Salvador will not yield to external pressure—even from major institutions like the IMF. The country now holds over 6,100 BTC, making it the sixth-largest sovereign holder of Bitcoin globally
