IS EL SALVADOR’S BITCOIN STRATEGY WORKING? 👇

In 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. And since November 2022, it has been following a very simple strategy announced as: buying 1 BTC every day.
Today, with the market falling, it’s the perfect time to answer the question: is it going well or badly for them? What’s happening?
Let’s look at the data:
🔸 WHAT THEY HAVE
El Salvador has accumulated 7,709 bitcoins, valued at about $495 million.
Its exact average purchase price is not fully and audited publicly, but public estimates put it at around ≈$55,000. And Bitcoin is trading today at about $64,200.
In short: they’re still in an unrealized profit of around $70 million according to that estimate, but not as much as a few months ago.
🔸 THE BIG DIP OF bitcoin:native
In October 2025, with Bitcoin at an all-time high above $126,000, the reserve—which at the time was around 6,300 BTC—was worth about $800 million.
That is, since that peak, the market value of the reserve has fallen by about $300 million.
Did they sell anything along the way? There is no public record of a net sale of the strategic reserve.
In fact, they did the opposite: the amount of bitcoins declared in the reserve kept increasing. They bought more.
🔸 THE IMF PRESSURE POINT
Here is the most tense part of the story.
The IMF (International Monetary Fund, an organization that helps countries with economic problems and maintains global financial stability) approved a 40-month financing program worth $1,400 million for El Salvador, with several conditions. Among them: limiting the public sector’s exposure to Bitcoin, not accumulating new BTC at the level of the entire public sector, making its acceptance voluntary, and stopping accepting Bitcoin to pay taxes.
In 2025, the country reformed its Bitcoin Law: acceptance became voluntary, it could no longer be used to pay taxes, and the law stopped characterizing Bitcoin as a currency.
But even so, the National Bitcoin Office continued to show increases in the reserve. The Government presents them as purchases, while the IMF argues that the total volume of the public sector did not increase during the period analyzed and that part of those movements can be explained by consolidating bitcoins from different state wallets.
🔸 PRESIDENT BUKELE’S POSITION
After signing that agreement with the IMF, Bukele wrote on X about his Bitcoin purchases:
“If it didn’t stop when the world condemned us to ostracism and most of the ‘bitcoiners’ abandoned us, it won’t stop now and it won’t stop in the future.”
And up to today, the official reserve has continued to grow. That said: because of the difference between the information published by the Government and the accounting submitted to the IMF, it cannot be confirmed that all of the increase comes from new purchases of 1 BTC every day.
The President has made it clear: he doesn’t want to stop accumulating.
🔸 CONCLUSION
They are building a national reserve for decades to come, just like other countries accumulate gold.
And seen this way, the move makes a lot of sense to us.
Think about it: it’s a dollarized country, with no own currency, that depends 100% on the decisions of the United States and on a money printer it does not control. Every dollar the FED prints takes value away from its reserves.
So what’s their response? Converting part of their reserves into the only asset in the world that nobody can print.
It’s a big bet on breaking away from the traditional money system. With risk, of course. But with a logic we share: protecting themselves from accumulated inflation by accumulating the scarcest asset that exists, with patience and thinking long-term.
For now, yes—the Bitcoin strategy is working, for everything it has contributed both directly and indirectly.
Now, I’d like to read your opinion in the comments.