El Salvador's Bitcoin (BTC) Treasury Reaches 7,807 Coins

Update 12:23 UTC: The transfers fit a pattern rather than a one-off: MARA sold more than 23,000 Bitcoin (BTC) in the first half of 2026, with its last sale in early August disposing of over 800 BTC, and no large cliff sale since March.

El Salvador Adds 1,700 BTC Under IMF Terms

El Salvador holds 7,807 Bitcoin (BTC) in its national treasury, the balance the country's National Bitcoin Office last posted for 2026-10-16. The figure puts the sovereign stack past the 7,800-coin mark, and it does so inside a $1.4 billion loan agreement with the International Monetary Fund (IMF), a deal written to bar the public sector from buying the asset with government funds. When the IMF program opened in early 2025, the treasury counted about 6,070 coins. On-chain records since then show an addition of more than 1,700 coins, growth that has continued while the loan conditions stayed in force. With the Bitcoin price near $82,600, the stack carries a dollar value of roughly $645 million; the office's own count put it between $640 million and $650 million at the roughly $82,000 price of that day. The agreement also required the country to give up Bitcoin's status as legal currency, a condition the Bukele administration carried out, while the treasury kept growing in parallel. Fund staff attribute the recent additions to private donations rather than state purchases and have said they do not expect growth beyond those gifts. The government continues to present the accumulation as an active strategy, one that turns the stack into a strategic Bitcoin reserve rather than a payments float. The Bitcoin (BTC) balance is the point of friction: El Salvador traded its legal-currency experiment for financing, but kept the coins, and the ledger shows that reserve still expanding. Crossing 7,800 coins works mostly as a marker, since each published update on the balance has come in higher than the last.

The National Bitcoin Office publishes the wallet addresses behind every coin in the treasury, so anyone can audit the balance on-chain at any moment. That disclosure makes El Salvador one of the most transparent sovereign holders in the asset, a contrast with most governments, which hold confiscated coins without publishing balances. A state wallet of this size sits in whale territory, but few whales hand the public the addresses to check them against. The verifiability cuts both ways for the government: the same ledger that proves the reserve exists also shows it grew while the loan deal was meant to limit it. The accumulation dates to September 2021, when the country made Bitcoin (BTC) legal currency alongside the US dollar and began buying for the state. The legal-currency clause has since been withdrawn under the IMF agreement, yet the holdings stayed, and the administration treats the balance as a long-term HODL rather than a trading book. For sovereign-finance observers, the open question is how long the arrangement holds. El Salvador obtained its financing, the IMF books the new coins as donations, and the public wallet keeps printing a rising balance. If fund reviewers later conclude that public money did enter the stack, the provenance of those coins becomes a dispute point in future program reviews. The IMF has flagged the reserve's volatility exposure in its past assessments of the country's finances, and the dollar value of the stack can swing hard in either direction. The buying also runs on a different track from institutional demand, where US institutions booked a 53,200 BTC net inflow this year through funds rather than a state ledger.

The dollar reading on the treasury's 7,807 coins moves with a market that spent October under pressure and has begun to claw back ground. Bitcoin traded near $82,573 at the latest reading, up 1.07% over 24 hours, though it is still down 1.18% since October 1 and sits roughly 34.5% below the $126,080 all-time high from October 6, 2025. The recent lift lined up with cooling crude: Brent touched $110 on Friday for the first time since May, then dropped over 2.2% to $107.95 a barrel, while US crude fell 2.07% to $99.2. Equity futures recovered too, with Nasdaq 100 contracts up 1% and S&P 500 futures 0.7% higher. Thin liquidity, weaker ETF demand and war risk stand as the headwinds the office's valuation has had to absorb.

A separate on-chain watch has put fresh miner supply on the radar while the treasury conversation continues. Wallets linked to MARA Holdings sent 1,000 BTC, worth about $82.8 million, to Binance and Gate over five days, and a tracking service had earlier flagged 996 BTC, roughly $81.13 million, moving to a Galaxy Digital address on October 9. Against the 35,577 BTC the miner reported holding at the end of June, the latest deposit is about 2.8% of disclosed holdings, and no disposal is confirmed. The company sold 2,213 BTC in the second quarter at an average price of $73,078 and has said it expects to sell opportunistically, so its third-quarter results are the next checkpoint for whether any of the deposited coins were sold.

On-chain detail behind the MARA deposits shows the 1,000 BTC left in tranches of 100 and 500 BTC, originating from the MARA Miner wallet, and no sale has been announced by the company. The transfers fit a pattern rather than a one-off: MARA sold more than 23,000 BTC in the first half of 2026, with its last sale in early August disposing of over 800 BTC, and no large cliff sale since March. As of October 19 the miner still reports 35,577 BTC, keeping its top 5 spot among corporate holders, and runs over 59 EH/s of mining power through its own pool. Sales at levels above $83,000 go toward covering operating costs, managing debt and funding AI data center buildout, where the company targets up to 4.8GW of power capacity.

Support at $81,433, Resistance at $84,548

Our live monitoring shows Bitcoin at $82,576.67, up 0.68% over 24 hours, with Bitcoin's market cap near $1.66 trillion. The composite scoring in our Bitcoin technical analysis places the nearest support at $81,444, scored 94/100, and the first resistance at $84,549, scored 88/100, the two levels that bracket the near-term range. The relative strength index reads 49.95 with the trend still an uptrend, though the MACD signal has turned bearish, so momentum is flat rather than firm. Perp funding runs at 0.0066% with open interest near $15.8 billion and longs at 61.4% of accounts, a 1.59 ratio, so derivatives positioning is not leaning against the holding. The Fear & Greed Index sits at 59, in greed territory, and Bitcoin accounts for 68.2% of COINOTAG's tracked universe. A push through $84,549 would change the picture; below $81,444, the next support of note sits at $80,108, scored 84/100 (as of 12:23 UTC).