El Salvador’s Bitcoin Bet Swells to $644M as Rally Boosts Sovereign Holdings

Bitcoin’s rally has lifted the value of El Salvador’s holdings as the asset continues to prove itself a savvy investment for Central America’s smallest nation.President Nayib Bukele shared a screenshot Sunday showcasing how the country’s 🤷🏻‍♂️ pic.twitter.com/05izbAR202— Nayib Bukele (@nayibbukele) May 19, 2025Though that total has since retraced slightly to The boost comes as Bitcoin began flirting with its all-time high on Sunday, “Bitcoin is rallying due to a combination of macro relief, strong ETF inflows, and growing expectations that the Fed will maintain policy flexibility amid softening economic data,” Bitfinex analysts shared in a note to El Salvador has quietly continued accumulating Bitcoin, despite securing a The country’s Bitcoin Office, technically outside the fiscal sector’s definition, has continued its ““In terms of El Salvador, let me say that they continue to comply with their commitment of non-accumulation of Bitcoin by the overall fiscal sector,” IMF Western Hemisphere Director Rodrigo Valdes said Here to stayBukele, for his part, has “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, it’s not stopping,” he wrote on X in March. Vedang Vatsa, founder of Hashtag Web3, told “Such ambitious economic ideas work best when paired with broader public engagement and a roadmap toward long-term stability,” he said.Vatsa said while the returns are notable, “financial gains are only one part of the story,” and that the country’s alignment with IMF terms points to “a more measured approach.”El Salvador now ranks as the sixth-largest sovereign Bitcoin holder, holding 6,181 BTC, trailing the U.S., China, the U.K., Ukraine, and Bhutan, as per Bitcoin Treasuries Changpeng “CZ” Zhao, the former CEO of Binance, said last month that he’s been“We are talking with many countries,” Zhao said, recommending wallet solutions and cold storage setups for state-held assets.Edited by