El Salvador marked the fourth anniversary of Bitcoin’s Legal Bid Act with another purchase. This is an intentional, headline-ready purchase that displays the country’s crypto-holdings.
Government figures show that 21 BTC has been added
According to President Nayib Bukele and the country’s Bitcoin office, the government purchased 21 BTC on Sunday as a symbolic nod to the 21 million supply cap.
According to the report, the state continues to buy one BTC a day. Purchases have been in place since March 2024. Based on government figures and blockchain data, El Salvador holds 6,313 BTC.
The holdings are valued at approximately $700 million at current prices. In daily budgetary conditions, these moves have a great political weight.
Buy 21 Bitcoin on Bitcoin Day. pic.twitter.com/3x4ykeiqzg
-Nayib Bukele (@nayibbukele) September 7, 2025
Clash with IMF loan terms
According to the report, the purchase disrupts the $1.4 billion IMF loan agreement signed last December. The transaction called for public institutions to halt the voluntary accumulation of Bitcoin and a freeze on further acquisitions based on finalized expanded fund facilities.
As part of the contract, the government revised the Bitcoin Act, so acceptance of merchants was voluntary, agreed to liquidate the Fidebitcoin Trust and planned an exit from the Chivo Wallet Program.
However, the purchase continues. This allowed IMF officials and external observers to watch whether future payments would be allowed as compliance reviews are scheduled until 2027.
IMF estimation and disclosure issues
Based on an IMF report in March, the fund estimates that El Salvador has spent about $300 million on Bitcoin since 2021. At the current market level, these purchases represent over $400 million in unrealized profits.
However, the IMF also noted that limited disclosures about transactions and holdings make a completely independent assessment difficult.
Government disclosures of Bitcoin activities remain incomplete, even with the public dashboard currently in place. The report states that unrealized profits could be affected if market prices drop.
Bitcoin has security movements and public transparency
At the end of last month, the National Bitcoin Office redistributed its holdings across multiple addresses, placing a cap of approximately 500 BTC per address.
Officials said the change was motivated by concerns about future quantum computing threats. The new address has been published on the public dashboard. This is a move aimed at increasing clarity over custody.
Observers in some markets and industry welcome the dashboard. Others say that quantum arguments sound preventative and still require clearer audit standards.
Bold but divisive
Four years after adopting Bitcoin as its fiat currency, El Salvadoran’s approach is still splitting opinions. Supporters say the country has built strong profits and has continued to commit to its plan, but critics warn that it has caused problems for international lenders.
The anniversary shows that the El Salvador Bitcoin push is considered bold by many, but deeply discussed.
Unsplash featured images, TradingView charts
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