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On September 8, El Salvador reported the purchase of an additional 21 bitcoins in celebration of Bitcoin Day, raising its publicly disclosed holdings to 6,312.18 bitcoins, with a valuation of over $700 million according to the Salvadoran Ministry of Finance. The transaction updates the sovereign crypto position on the national balance sheet.
The announcement coincides with the fourth anniversary of the country’s adoption of bitcoin as legal tender on September 7, 2021, after President Nayib Bukele pushed the June 2021 Bitcoin Law through Congress, enabling bitcoin to circulate alongside the U.S. dollar for payments and fiscal obligations.
Government initiatives to support uptake include the Chivo digital wallet, a $30 bitcoin bonus for registered users and an expanded network of Bitcoin ATMs intended to facilitate retail transactions and on‑ramps for citizens.
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