El Salvador Expands Bitcoin Reserves to 6,111 BTC

On March 9, the authorities of El Salvador expanded the national bitcoin reserve by 6 BTC. The total amount of coins held by the state reached 6,111.18 BTC ($501.9 million).

In the past seven days, the fund increased by 17 BTC, and over the month — by 40 BTC.

On February 26, El Salvador and the IMF signed an agreement for an Extended Fund Facility (EFF) of $1.4 billion over 40 months.

A preliminary step for approval was the amendment of the bitcoin law. These amendments removed the mandatory acceptance of digital gold by private organizations and revoked its status as legal tender.

The IMF noted the minimal use of the first cryptocurrency due to price volatility and weak public trust.

On March 3, the organization clarified that the EFF conditions include restrictions on the government’s purchase of coins.

“This all stops in April.” “This all stops in June.” “This all stops in December.”

No, it’s not stopping.

If it didn’t stop when the world ostracized us and most “bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future.

Proof of work > proof of whining https://t.co/9pC0PoY3YQ

— Nayib Bukele (@nayibbukele) March 4, 2025

“This [acquisition of bitcoins] will not stop now, nor in the future,” commented earlier the President of El Salvador, Nayib Bukele.

In September 2021, El Salvador became the first country in the world to recognize bitcoin as legal tender. Services and merchants were required to accept the cryptocurrency.

The government incentivized residents to use the Chivo wallet by paying $30 in digital gold for app registration. The state regularly purchased coins and engaged in mining.

On March 6, U.S. President Donald Trump signed an order to create a bitcoin reserve, which provides for the storage of assets confiscated by the Treasury in criminal and civil cases.