Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
I'm monitoring the situation with El Salvador's Bitcoin reserves and it's quite interesting what's happening there. The country saw its treasury drop by around US$$300 million after the recent BTC decline. They had nearly US$$800 million in value at the peak, now it's around US$$495 million. Quite a bit of volatility indeed.
What catches attention is that despite this heavy drop, El Salvador hasn't stopped buying. The country maintains its strategy of accumulating 1 Bitcoin per day, which shows a very bullish stance toward the asset. In the last 7 days, they've added 8 BTC, and they keep buying even with the market falling. That's like saying 'I believe in this asset long-term' — not every government does that.
But then comes the complication. There’s growing tension between El Salvador and the IMF because of this aggressive Bitcoin buying. The country is in a $1.4 billion loan program with the Fund, and the institution has already made it clear that it’s not a fan of this strategy. Some traditional investors are worried that the IMF might pull the program if El Salvador doesn’t stop the purchases. That could be pretty bad for the country’s debt market.
BTC has lost more than 40% of its peak, and this drop was enough to shake El Salvador’s 10-year bonds in the short term. The cost of default protection has risen, showing that risk sentiment is there.
On the other hand, some believe these concerns are being exaggerated. El Salvador’s alliance with the Trump administration could make a difference — the US, as the largest shareholder of the IMF, might influence the country to keep receiving the loan. Recently, El Salvador secured a commitment of $1.3 billion from the Inter-American Development Bank through 2026, which eases some of the pressure.
In the end, it’s a very delicate game. El Salvador is making a clear bet on Bitcoin as a strategic asset, but it has to navigate these geopolitical and financial pressures. El Salvador’s Bitcoin holdings remain one of the most unique cases of government adoption we see in the market.