El Salvador’s bitcoin reserve remains with multimillion-dollar profits.
According to the IMF, El Salvador is not buying bitcoin even if its holdings increase.
With El Salvador’s daily acquisition of bitcoin (BTC), its possession exceeded 7,500 units, according to the Government. This sum is currently equivalent to more than 670 million dollars (USD).
The accumulation is the result of the acquisition of at least 1 bitcoin per daya strategy that El Salvador has maintained since 2021. Sometimes, this tactic is reinforced with the addition of a larger volume, as happened a month ago. At that time, the country added 1,090 BTC to its Treasury in a single day.
Until a month ago, El Salvador’s bitcoin reserve recorded an unrealized gain of $268 million, according to data by DropsTab. It is estimated that this continues with a multimillion-dollar profit, although there is no updated information about it in the explorer, or by the Government.
So, El Salvador continues to strengthen itself as one of the States with the most bitcoin of the world. This is finds in fifth place after the United States, China, the United Kingdom and Ukraine. Although, it is worth mentioning that these countries obtained their possessions through seizures, unlike Central America.
However, there is no clarity on where El Salvador’s BTC comes from. While the Government’s Bitcoin Office reports one new purchase per day, the International Monetary Fund (IMF) has noted that the country’s total amount of bitcoin “remains unchanged,” in compliance with its loan requirements.
The IMF also shared a letter confirming this signed by the president of the Central Reserve Bank of El Salvador, Douglas Rodríguez, and the Minister of Finance, Jerson Posada. As CriptoNoticias reported, this leaves doubts about whether the Government is buying or only adding to its Treasury BTC that it acquired in another way or already had.