El Salvador Acquires 11 BTC in a Single Day

On February 4, El Salvador’s authorities expanded the national bitcoin reserve by 11 BTC (approximately $1.1 million), once again deviating from their strategy of purchasing one coin per day.

Just three days of stacking in Bitcoin Country

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— The Bitcoin Office (@bitcoinofficesv) February 4, 2025

At the time of writing, the government had acquired a total of 6068 BTC at an average price of $46,102. The total value of the coins amounts to $598.4 million.

In late January, as part of an agreement with the IMF, El Salvador’s Congress approved amendments to the national crypto strategy to ensure the “permanence of bitcoin as legal tender.” 

The technology company Semler Scientific also continues to expand its bitcoin reserve. Between January 11 and February 3, the firm purchased 871 BTC for $88.5 million at an average price of $101,616. It controls 3192 BTC, having spent a total of $280.4 million. 

The leader in corporate bitcoin purchases, MicroStrategy, did not acquire any BTC between January 27 and February 2.

In January, CryptoQuant analysts concluded that since the U.S. presidential elections, the main drivers of bitcoin’s price have been large investors.