El Salvador’s Bitcoin holdings reach 7,762 BTC, valued at roughly $598 million

  • El Salvador added one Bitcoin, bringing national holdings to 7,762 BTC.
  • 7,762 BTC was valued at roughly $598 million with Bitcoin near $77,000.
  • The government added more than 1,600 BTC between January and April despite the IMF agreement.

El Salvador’s national Bitcoin reserve has reached 7,762 BTC after the government added one Bitcoin this week, worth roughly $598 million with Bitcoin trading near $77,000. The government continues acquiring one Bitcoin a day, a policy maintained since the country adopted Bitcoin as legal tender in 2021. It added more than 1,600 BTC between January and April despite a $1.4 billion International Monetary Fund financing agreement that called for public-sector purchases to stop. Legislative changes tied to the agreement removed Bitcoin’s legal-tender status and made merchant acceptance voluntary, but did not end reserve purchases. Earlier reports valued 7,762.37 BTC at $602.84 million and estimated an unrealized profit of $167.82 million.

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