El Salvador Boosts Bitcoin Reserve to 6,067 BTC Amidst Policy Shifts

El Salvador has expanded its Bitcoin reserve by purchasing an additional 11 BTC, valued at approximately $1.1 million. This acquisition occurred on February 3, 2025, as Bitcoin surged above $100,000, demonstrating the country's continued commitment to cryptocurrency accumulation. With this latest purchase, El Salvador's total Bitcoin holdings have reached 6,067 BTC, valued at over $606 million at current prices.

On-chain data reveals a consistent buying pattern, with multiple 1 BTC transactions made in recent days, all sent to the nation's cold wallet. President Nayib Bukele responded to the latest acquisition with an "eyes" emoji on the platform X, signaling attention or anticipation. This purchase mirrors a similar transaction from two weeks ago when 11 BTC were also added to the reserve.

President Bukele has been a vocal supporter of Bitcoin since its adoption as legal tender in 2021. El Salvador remains the first country to integrate Bitcoin into its economy at this scale, even amid policy changes influenced by international financial institutions.

Recent legislative reforms in El Salvador have adjusted Bitcoin's legal status. On January 30, the Salvadoran Parliament passed amendments to the Bitcoin Law, making Bitcoin use voluntary rather than mandatory. Businesses are no longer required to accept Bitcoin as payment, and the cryptocurrency is no longer eligible for tax payments. These changes were introduced to meet conditions set by the International Monetary Fund (IMF) for a $1.4 billion loan. Despite these changes, El Salvador's government continues to focus on its broader Bitcoin strategy.

In parallel to El Salvador's Bitcoin reserve expansion, Bitfinex Securities has announced plans to introduce the Blockstream Mining Note 2 (BMN2) under the country's digital asset framework. BMN2 will allow investors to gain exposure to Bitcoin mining operations and is set to launch within the first quarter of 2025. BMN2 follows the success of its predecessor, BMN1, which distributed over 1,212 BTC to investors with a 108% return on capital. The product's listing in El Salvador reflects the country's regulatory support for digital assets, aiming to attract further investment and innovation in the cryptocurrency sector.