El Salvador Buys 21 BTC, Boosting National Reserves 21%

Bitcoin's latest price was $, in the last 24 hours. El Salvador's President Nayib Bukele announced the nation's purchase of 21 Bitcoins on September 8, marking another significant increase in the country's cryptocurrency reserves. This acquisition highlights El Salvador's continuous investment strategy amid fluctuating market conditions, aiming to strengthen its position in the global cryptocurrency landscape. The new purchase signifies the consistent effort by Bukele’s administration to integrate cryptocurrency into national financial systems, emphasizing bitcoin's strategic importance for the country. Community reactions have been significantly vocal, with notable industry figures discussing implications on platforms like X. President Bukele’s actions have sparked discourse, though no formal critiques were captured from major western regulatory entities. The sentiments largely portray an optimistic view on Bitcoin’s potential role in national fiscal policies. As expressed by Bukele: "Buying 21 BTC for Bitcoin Day today."

Bitcoin's mining difficulty has hit an unprecedented 135 trillion, squeezing profit margins for miners as revenues decline and the network's hashrate drops, as reported by official mining statistics. The new record for Bitcoin’s mining difficulty at 135 trillion reveals increased challenges for industry players, such as large mining firms. Smaller operators face narrow profit margins, with risks growing amid falling miner revenues and a declining network hashrate. Key players like Foundry, Poolin, AntPool, and F2Pool are best equipped to navigate this shift, while solo miners, although resilient, are finding it harder to sustain operations. Official reports indicate mining profitability is under immense pressure from declining revenues. Potential implications include technological advances or regulatory actions aimed at decentralizing Bitcoin’s mining landscape. Historical data suggests cycles of difficulty increases correspond to industry consolidation, with smaller operators forced out of the market. Solo mining pool activity remains notable, as smaller actors defy the trend toward concentration despite the rising costs and operational challenges.

Bitcoin treasury strategies recorded strong momentum during Week 36 of 2025. Between September 1 and September 6, forty-seven announcements were issued worldwide. These covered new treasuries, company expansions, and confirmed purchase commitments. The activity involved about 9,800 BTC in total, pushing disclosed corporate holdings beyond one million BTC globally. Three companies opened new treasuries during the week. A Dutch firm entered with 1,000 BTC raised through a $147 million round. CIMG Inc in China disclosed 500 BTC, and US-based Hyperscale Data started with 3.6 BTC. Together these programs added 1,503 BTC to corporate reserves. Six future treasury plans were also disclosed. Canada’s Universal Digital announced a $100 million strategy in Japan through a partnership with ReYuu. Japan’s Star Seeds Co confirmed a ¥1 billion ($6.8 million) allocation, while Australia’s InFocus Group set aside AUD 2.5 million ($1.6 million) for a Bitcoin ETF strategy. Additional confirmations came from FiscalNote Holdings, Yoshiharu Global, and Sadot Group. These organizations announced plans to adopt structured treasury programs. Their forward commitments added visibility to upcoming Bitcoin exposure that is expected to appear on corporate balance sheets in the near future. Existing treasuries expanded reserves by 8,339 BTC during the week. MicroStrategy led the group, raising its total above 636,500 BTC. Marathon Digital disclosed 1,838 BTC, Metaplanet purchased 1,009 BTC, and American Bitcoin reported 502 BTC. Other additions came from Cipher Mining, CleanSpark, Convano, and Cango in smaller amounts. Six purchase commitments totaling $136.7 million were confirmed. Metaplanet won approval for a ¥555 billion ($3.8 billion) raise. Japanese company S-Science lifted its ceiling to ¥9.6 billion ($65.3 million), while The Smarter Web Company signed a £24 million ($32.4 million) subscription deal for Bitcoin acquisitions. Further announcements included Hyperscale Data’s $20 million ATM-based plan and Convano’s ¥2.5 billion ($17 million) pledge. Eight additional disclosures were also made, covering reporting updates, strategy adjustments, and governance changes. Sora Ventures launched a $1 billion fund, and American Bitcoin listed on Nasdaq as $ABTC.

Federal Reserve Chair Jerome Powell announced on June 24, 2025, that U.S. banks may freely service the cryptocurrency industry, indicating a regulatory shift during testimony in Washington, D.C. The policy change potentially boosts institutional crypto adoption, enhances financial service opportunities, and positively impacts bitcoin and Ethereum markets, signaling increased investor confidence. Powell's statement during congressional testimony clarified the Federal Reserve's position, stating that banks can offer services to crypto businesses if they uphold key financial principles. This approach aligns with goals to increase financial integration. The announcement has immediate effects on markets. Bitcoin and Ethereum ETFs registered gains, indicating renewed institutional interest. This shift potentially opens new financial services and banking connections within the digital asset sector. Financial and market implications include potential increases in institutional investment, expanded crypto banking infrastructure, and enhanced liquidity within digital markets. Regulatory clarity could attract significant capital inflows and business engagement. Past regulatory shifts have often led to increased institutional participation. Adoption of digital assets by traditional banks could inspire broader financial integration, leading to more robust crypto services and reassuring market stakeholders. Potential outcomes involve greater on-chain activity, increased total value locked, and shifts in capital flows. Industry observers anticipate that this clarity could catalyze further technological and financial advancements within the cryptocurrency space.

Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has climbed to a new record high, surpassing 14.3 million BTC in late August, according to Glassnode. With 19.9 million BTC currently in circulation, around 72% of the total supply is now illiquid, held by entities such as long-term holders and cold storage investors. This growth highlights a sustained accumulation trend, even during recent market volatility. In mid-August, bitcoin hit an all-time high of $124,000 before retreating roughly 15%. Despite the price pullback, the illiquid supply continued to rise, showing that holders remain undeterred by short-term corrections. Over the past 30 days alone, the net change in illiquid supply has increased by 20,000 BTC, underscoring persistent investor conviction. The ongoing increase in this category suggests tightening supply dynamics that could set the stage for renewed momentum once sentiment recovers. For now, the trend reflects growing confidence in bitcoin as a long-term store of value.