El Salvador Celebrates Historic Gains: Bitcoin Reserves Surpass $760 Million

President Nayib Bukele of El Salvador has reason to celebrate—his long-term bet on Bitcoin is paying off. The country’s total Bitcoin reserves have now surpassed $760 million, as the digital asset broke above $122,000. According to data from Arkham Intelligence, El Salvador currently holds over 6,237 BTC, valued at approximately $762 million. With Bitcoin trading at $122,121—a 3.7% increase over 24 hours—the country’s estimated average purchase price of $42,000 per BTC means its holdings have nearly tripled in value, all without selling a single coin. 📊 Once criticized by international institutions as reckless, El Salvador’s strategy now stands as one of the most successful examples of state-level crypto adoption.

From Bold Experiment to Global Precedent In 2021, Bukele’s government made Bitcoin legal tender and began acquiring BTC during market downturns. Despite harsh criticism and diplomatic friction, Bukele and his team stood firm. Today, economists and crypto experts hail the Salvadoran approach as a potential blueprint for other sovereign nations. “Mark-to-market gains like El Salvador’s show how strategic BTC reserves can boost national wealth over the long term,” said an independent financial analyst at an Indian crypto firm.

External Pressure Meets Domestic Resolve Despite positive returns, El Salvador continues to face pressure from international institutions and foreign lawmakers. The U.S. has even introduced legislation aimed at examining Bitcoin usage in the country and potentially imposing sanctions. Bukele, undeterred, mocked these efforts on social media platform X, reinforcing his stance on financial sovereignty.

Technical Outlook: New Highs Ahead? While the president celebrates gains, traders are closely watching key levels. Bitcoin has broken above the 119,500–120,000 USD range, with increasing volume signaling strong buying interest. Analysts say that sustained movement above 122,000 USD could open the door to 124,000–125,000 USD, pushing El Salvador’s crypto portfolio even higher.

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