El Salvador Marks Bitcoin Day with 21 BTC Purchase - Coinfea

On November 4, 2021, National Bitcoin Day, El Salvador acquired 21 BTC, bringing its total national BTC holdings to 6,313.18

ContentsBitcoin Strategy Continues Despite IMF AgreementBitcoin Holdings Spread Across Multiple WalletsCritics Challenge El Salvador’s Bitcoin ApproachThe most recent purchase of about 2.4 million dollars gives the country’s Bitcoin portfolio an estimated value of 702 million.

Buying 21 bitcoin for Bitcoin Day. pic.twitter.com/3X4yKeiqzg

— Nayib Bukele (@nayibbukele) September 7, 2025

President Nayib Bukele announced the buying as a symbolic act associated with the 21 million aggregate supply of bitcoin. The news comes on the fourth anniversary of El Salvador passing a Bitcoin legal tender law, becoming the first sovereign nation to legalize Bitcoin alongside the US dollar.

Bitcoin Strategy Continues Despite IMF Agreement

The latest buy does not respect the terms of a 1.4 billion deal that El Salvador had signed with the International Monetary Fund. Under the agreement, which was finalized in December 2024, public entities were obliged to stop voluntary Bitcoin purchases. The IMF also directed El Salvador to shut the Chivo wallet system and close the Fidebitcoin trust.

Nevertheless, the nation has been adding Bitcoin despite such words. As it is reported, El Salvador has bought approximately 28 BTC in the last seven days and 50 BTC in the last 30 days. On-chain records attest to the fact that the country has been purchasing one BTC daily since March 2024.

Although the IMF said in July that the stocks of Bitcoin holders had not been diminishing, the latest wallet action and state reports indicate a continued increase in accumulation. The IMF still carries out compliance checks on future disbursements until 2027.

Bitcoin Holdings Spread Across Multiple Wallets

El Salvador reorganized the national reserve in August by splitting it into several wallets through its Bitcoin Office. All wallets contain up to 500 BTC. The objective of this move is to enhance security and reduce the possibility of risks.

The issue of quantum computing was the reason why the new structure was needed, according to officials. They cautioned that quantum technologies would threaten cryptographic security and endanger national assets. Distributing pocket money among wallets, the government tries to decrease the consequences of a potential attack.

The Bitcoin Office suspects that the presence of transparent public keys in Bitcoin transactions can make holdings vulnerable in the future. According to the agency, this new strategy enhances the defense of national reserves.

Critics Challenge El Salvador’s Bitcoin Approach

Nicolas Cary, co-founder of Blockchain.com, criticized El Salvador’s Top-down Bitcoin policy. He claimed that it is not adopted by the grassroots and does not adhere to the basic principles of decentralization. Nonetheless, Cary admitted that other countries can follow the same strategies in the future.

El Salvador’s Bitcoin policy is still under international scrutiny because of its balance between digital innovation and international financial responsibilities.