Bitcoin News Today: El Salvador buys 1 BTC daily for 1000 days building $743.3M reserve

Generated by AI AgentCoin World
Tuesday, Aug 12, 2025 2:04 am ET1min read
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Aime RobotAime Summary

- El Salvador has bought 1 BTC daily for 1000 days, accumulating 6266.18 BTC ($743.3M) to strengthen its digital financial strategy.

- Uncertainty remains about coordination between the Bitcoin Office and central bank, raising transparency concerns among analysts.

- The country plans to launch the world’s first Bitcoin banks in 2025, reflecting long-term confidence in decentralized economic systems.

- As a sovereign nation treating Bitcoin as core financial infrastructure, El Salvador’s approach sets a unique precedent for institutional crypto adoption.

El Salvador has reached a significant milestone in its long-term

Bitcoin
purchasing program, having acquired 1 BTC each day for 1000 consecutive days. According to the Bitcoin Historian, a well-regarded data tracker, the country’s government has continued this buy-the-dip strategy since its launch, demonstrating consistent commitment to integrating Bitcoin into its national financial system [1]. On-chain data reveals that the Salvadoran government currently holds a total of 6266.18 BTC, valued at approximately $743.3 million [2]. This accumulation reflects a bold and sustained effort to position Bitcoin as a strategic asset within the country’s economic framework.

The Bitcoin Office, which is responsible for overseeing these daily purchases, has played a central role in the program. However, there remains some ambiguity regarding the coordination between the Bitcoin Office and the central bank. While the office has publicly affirmed its role, the central bank and its minister have not officially confirmed the institution’s participation in the transactions [3]. This lack of clarity has raised questions among crypto analysts about the transparency and governance of the program.

El Salvador’s Bitcoin strategy has been a key component of its broader digital financial transformation. In August 2025, the country announced plans to launch the world’s first Bitcoin banks, a move designed to further integrate the cryptocurrency into its financial infrastructure and promote widespread adoption [4]. The continued daily accumulation of Bitcoin signals the government’s long-term confidence in the asset and underscores its vision for a decentralized, digital economy.

The country’s approach has drawn comparisons to other institutional and corporate Bitcoin buyers, such as MicroStrategy. However, El Salvador’s efforts represent a unique case of a sovereign nation treating Bitcoin as a core part of its national financial planning. This distinction has made El Salvador a focal point for discussions around institutional adoption and the future of digital assets in public policy.

As the country moves forward with its Bitcoin initiatives, the global crypto market continues to monitor its progress closely. Each daily purchase reinforces the narrative of institutional confidence in Bitcoin, and El Salvador’s 1000-day journey remains one of the most compelling developments in the cryptocurrency space.

Source:

[1] Binance. El Salvador Has Purchased 1 Bitcoin Every Day for 1000 ... https://www.binance.com/square/post/28201999635513

[2] SoSoValue. Crypto Market Topics, Research and Hot News for You https://m.sosovalue.com/vi/research

[3] Coinpedia. El Salvador to Launch World's First Bitcoin Bank https://coinpedia.org/crypto-live-news/

[4] 99Bitcoins. Bye Bye Bo Hines: Is The White House Crypto Crusade ... https://99bitcoins.com/news/altcoins/bye-bye-bo-hines-is-the-white-house-crypto-crusade-over/