El Salvador Adds 8 BTC, Bringing National Reserve to 7,696 BTC
El Salvador is expanding its Bitcoin treasury and cementing itself as a zero-tax crypto haven for foreign investors.
El Salvador added 8 BTC to its national treasury through its continued weekly purchase program, bringing its total disclosed Bitcoin reserve to 7,696.37 BTC.
El Salvador: the quiet split that actually matters
The IMF deal forced El Salvador to drop the legal requirement for businesses to accept Bitcoin as payment. Most coverage treated that as a retreat.
It wasn't. The weekly BTC purchases kept running without a single missed week, and the national reserve now sits at 7,696 BTC.
El Salvador has cleanly separated the payment question from the reserve question — and in doing so, accidentally made a stronger sovereign argument than the original legal-tender experiment ever did. Forcing corner shops to take Bitcoin was always the weak part. Accumulating it as a reserve asset, quietly, every week, regardless of what the IMF says about daily commerce, is the durable part.
A country holding sound money in its treasury while bending on the retail mandate isn't capitulating. It's prioritising.
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2 sources
- Bitcoin: El Salvador Strengthens Its National Treasury With a New Acquisition · cointribune.com · T2
- El Salvador increased its Bitcoin reserves by 8 BTC to 7,696.37 BTC with continued weekly purchases · en.coin-turk.com · T2