El Salvador President Nayib Bukele drew attention to lively betting activity on El Salvador’s Bitcoin holdings hitting $1 billion by late 2025.
Nayib Bukele News
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El Salvador approved indefinite reelection for president and extended terms to six years, sparking backlash from critics warning of increasing authoritarianism.
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The Central American country has continued its daily Bitcoin investments despite a non-accumulation deal struck with the IMF in December 2024.
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El Salvador announced a new AI collaboration with computer chip-making giant Nvidia, aiming to improve healthcare, education and infrastructure.
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El Salvador’s Bitcoin Law requires maintaining an AML program, recording company assets and implementing a cybersecurity system.
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Despite leading pro-Bitcoin administrations, Trump and Bukele left crypto off the table during an April 14 White House meeting.
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El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin.
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El Salvador President Nayib Bukele says the country will keep buying at least one Bitcoin a day, despite pressure from the International Monetary Fund.
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El Salvador aims to become LATAM’s crypto Silicon Valley, but these aspirations hinge on better relations with US banks.
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El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million.
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Bitcoin accounts for nearly 15% of El Salvador’s reserves as President Bukele doubles down on his bold crypto strategy, even after inking a deal with the IMF.
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A shining example of Bitcoin adoption, Salvadoran President Nayib Bukele disappointed Bitcoiners this week and divided opinion over the asset’s local future.
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El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day.
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The expanding ranks of pro-Bitcoin presidents are boosting global optimism for crypto mass adoption.
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El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.
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