El Salvador's Bitcoin Holdings Surge 33% to $357.2 Million

El Salvador's Bitcoin holdings have surged, with the country's president, Nayib Bukele, revealing that the nation's unrealized profits reached $357.2 million when the Bitcoin price hit an intra-day high of $107,108. This significant gain comes as Bitcoin has since retracted from its high, trading at $102,962 at the time of reporting. El Salvador began accumulating Bitcoin in 2021 and adopted it as legal tender, a move that was influenced by Bitcoin pioneer Max Keiser. The country's National Bitcoin Office reported recent purchases, including 8 BTC during the week of April 26 and 31 BTC over the past month.

The International Monetary Fund (IMF) remains a challenge for El Salvador's Bitcoin accumulation. The IMF has called for reforms to the nation's Bitcoin Law, which was part of a loan agreement with El Salvador. In December 2023, the Salvadoran government committed to reducing Bitcoin’s mandatory use and its involvement in Bitcoin-related infrastructure. Despite these constraints, El Salvador continues to accumulate Bitcoin, aligning its interests with those of the US, amid speculation of deepening diplomatic and Bitcoin-related cooperation. Beyond the US, Ireland is also watching El Salvador’s Bitcoin formula, with plans to export El Salvador’s guidelines to Ireland, and UFC fighter Conor McGregor calling on Bukele and Max Keiser for deliberations.

Max Keiser has noted that El Salvador will always have a greater Bitcoin per capita (BPC) than the US, owing to its first-mover advantage. He observed that for the US to equal El Salvador’s Bitcoin Per Capita ratio, they would need approximately 2.37 million Bitcoin, which he considers an impossibility. Meanwhile, MicroStrategy, led by Michael Saylor, continues its Bitcoin acquisition strategy, purchasing 7,390 BTC worth $764.85 million at an average price of $103,498 per Bitcoin. This acquisition achieved a BTC Yield of 16.3% year-to-date in 2025. MicroStrategy currently holds 576,230 BTC, with an average buying price of $69,726 and an unrealized profit of $19.15 billion. However, MicroStrategy faces a class action lawsuit for allegedly misleading Bitcoin strategy statements, with the lawsuit alleging that the company made misleading statements and concealed information regarding its BTC-focused investment strategy. The plaintiffs claim that MicroStrategy minimized Bitcoin’s price swings and did not properly explain how new fair-value rules could affect them. The company reportedly plans to contest these claims.