El Salvador acquired 1090 BTC valued at $101 million, announced by President Nayib Bukele.
On November 18, El Salvador augmented its cryptocurrency reserves by acquiring 1090 BTC valued at $101 million, as announced by the country’s president, Nayib Bukele.
Hooah! pic.twitter.com/KxMVbUrcGE
— Nayib Bukele (@nayibbukele) November 18, 2025
The South American nation now holds 7474 BTC, valued at over $688 million. In late August, authorities distributed these funds across 14 new addresses due to potential threats from quantum computing.
The announcement coincided with a dip in the value of digital gold below $90,000. At the time of writing, the asset is trading around $91,400, having decreased by 4% in the last 24 hours and 13% over the past week.
Contradictions
It remains unclear whether El Salvador is indeed continuing to purchase the leading cryptocurrency.
In August, the IMF stated that since the agreement on the loan program in December 2024, the government had not acquired Bitcoin. Nevertheless, data suggests the country has continued to add 1 BTC daily to its balance throughout this period.
Officials explained the discrepancies as peculiarities in the accounting of the Chivo wallet. It allegedly does not track how many bitcoins are held in user accounts, nor does it adjust its reserves accordingly.
Since the application does not sell cryptocurrency, minor discrepancies arise—usually no more than 1%. This may give the impression that the state is accumulating cryptocurrency, although this is not the case.
Bukele, in response to IMF demands, stated he does not intend to halt the purchase of digital gold.
However, his words contradict an official statement sent by El Salvador’s finance minister to the International Monetary Fund in July, which noted that the authorities had ceased increasing their crypto reserves in February.
Since 2021, the country has also been engaged in mining digital assets using geothermal volcanic energy. It is possible that cryptocurrency could be entering the state’s balance in this manner.
In October 2023, El Salvador launched its own mining pool, Lava Pool. Reports indicated that over three years, it mined a total of 474 BTC.
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