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El Salvador Holds 7606 BTC Worth $513.4M After Adding 8 BTC in One Week

Highlights:

  • El Salvador’s Bitcoin holdings have increased to 7,606.37 BTC.
  • The country added 8 BTC for $539,984 last week to increase its holdings to the current level.
  • El Salvador has purchased Bitcoin for five straight years without selling any of its holdings. 

El Salvador has continued to increase its Bitcoin holdings, even as BTC’s price continues to dip. According to a recent update from El Salvador’s Ministry of Finance, the nation added 8 BTC, valued at roughly $539,984, over the past 7 days. The country also added 30 BTC worth $2.02 million in the past 30 days. Overall, El Salvador now holds 7,606.37 BTC worth $513.4 million based on the asset’s recent price. So far, El Salvador has maintained its steady Bitcoin approach after launching its strategic Bitcoin reserves in September 2021.

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BTC Investments’ Impacts on the Nation’s Economy

At some point in 2025, El Salvador’s total international reserves were valued at about $3.5 billion. This means Bitcoin now accounts for over 14% of this figure, which is a large share for such a volatile asset. When BTC’s price soars, El Salvador’s holdings quickly gain value. However, when the crypto market dips, the value of the country’s BTC holdings will also drop rapidly. 

Despite the uncertain price movements, El Salvador’s President Nayib Bukele has continued to emphasize support for consistent BTC investments. Meanwhile, many of the country’s inhabitants have questioned the rationale for investing significant funds in BTC. Some other groups have welcomed the move, describing it as a bold step to position the country on the global map for crypto use.

BTC Spikes Slightly as El Salvador Adds 8 BTC in One Week

At the time of press, the crypto market has recovered slightly, evidenced by a 1.2% upswing in the past 24 hours. Meanwhile, BTC has continued to trade below $70,000 despite gaining 1.3% within the same period.

The flagship crypto is changing hands at approximately $67,456 with a market cap of about $1.35 and a trading volume of roughly $32.57 billion. In the past week, BTC dipped 8.2%. However, it gained 5.7% year-to-date. Other relevant market variables showed that BTC supply inflation maintained low levels at 0.89%. Volatility also remained medium at 3.16%, while sentiment stayed bearish. 

Bitcoin Price Chart: CoinGecko

While El Salvador continues to accumulate BTC, countries like Bhutan have been offloading the asset. On 28 March, Crypto2Community reported that the government of Bhutan moved $8.5 million in BTC from its main holding wallets to new destinations. Since this year began, Bhutan has moved $158.7 million worth of BTC out of its main wallets, while only returning $33.84 million in BTC to its main holding addresses. Most of the transferred assets were moved to market makers, crypto exchanges or trading platforms like QCP Capital.

Separately, Lookonchain, a renowned on-chain crypto transactions tracker, reported in one of its most recent tweets that a whale deposited 1,102 BTC, valued at about $74.21 million, to Binance. The on-chain transactions tracker noted that this whale accumulated his Bitcoin holdings 8 months ago at an average cost of $117,770 per BTC. Selling at BTC’s current price means that the whale forfeited roughly $55.6 million of his investment capital.

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