After a brief one-week pause, El Salvador has resumed its Bitcoin acquisition strategy, alleviating public concerns that the country might be shifting away from its pro-Bitcoin stance. The Central American nation, which has been purchasing Bitcoin daily since November 2022, paused its routine acquisitions on February 18, sparking speculation about the reasons behind the decision. However, the government has now proven its commitment to Bitcoin remains strong—grabbing the opportunity to buy the dip.
El Salvador Buys 7 BTC After Pause, Strengthening Reserves
According to Arkham Intelligence data, El Salvador purchased 7 Bitcoin worth approximately $661,000, bringing its total holdings to 6,088 BTC, valued at around $558 million at current prices. The country’s decision to halt daily purchases had raised concerns among Bitcoin supporters, with some fearing that its recent agreement with the International Monetary Fund (IMF) might have pressured the government into scaling back its Bitcoin strategy.
Contrary to speculation, the pause appears to have been a strategic move rather than a policy shift. El Salvador’s latest purchase came amid a Bitcoin price dip, triggered by market turbulence following former US President Donald Trump’s tariff statement. The sharp correction led to over $950 million in leveraged liquidations across crypto exchanges, briefly driving Bitcoin’s price below $92,000.
Buying the Dip: A Strategic Play, Not a Retreat
El Salvador’s Bitcoin strategy has always been about long-term value accumulation rather than short-term speculation. While the pause in daily purchases initially sparked concern, the recent acquisition shows that the country remains confident in Bitcoin’s future. Rather than buying Bitcoin at any price, El Salvador appears to take advantage of market corrections to maximise its holdings at lower costs.
This is not the first time El Salvador has made opportunistic Bitcoin purchases. In December 2024, following its IMF financing deal, the country added $1 million worth of Bitcoin to its reserves in a single transaction. On February 4, it purchased 11 Bitcoin, valued at over $1 million, demonstrating its strategic approach.
Bitcoin Trust Remains Strong Despite IMF Agreement
The IMF’s 40-month Extended Fund Facility agreement, which will provide over $3.5 billion in financial support, required El Salvador to modify some Bitcoin policies—such as making Bitcoin acceptance voluntary for private-sector businesses. However, this has not deterred the nation’s long-term Bitcoin vision.
El Salvador’s latest move reassures Bitcoin advocates that the country remains committed to its pioneering digital asset strategy, proving once again that Bitcoin is a long-term financial asset rather than just another speculative investment.
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Rodcas Consulting Group