El Salvador, the first country to make Bitcoin an official currency back in 2021, has made its biggest Bitcoin purchase in a single day. The government bought 1,090 BTC, worth a little over $100 million, after Bitcoin’s price briefly fell below $90,000, its lowest level since April. This move fits perfectly with the country’s long-term plan of collecting Bitcoin over time. Since November 2022, El Salvador has been buying 1 Bitcoin every day, and it often uses price dips as opportunities to add more to its reserves.
By continuing to buy even during market drops, El Salvador is showing strong confidence in Bitcoin. Its strategy has also inspired other countries to consider their own steps toward crypto adoption. President Nayib Bukele confirmed the latest purchase by posting a screenshot on his official X account, once again highlighting the nation’s commitment to its Bitcoin plan.
Hooah! pic.twitter.com/KxMVbUrcGE
— Nayib Bukele (@nayibbukele) November 18, 2025
For years, El Salvador has been slowly building its Bitcoin holdings. The government has been buying around 1 Bitcoin every day as part of a long-term plan, not as a quick reaction to price changes. The recent $100 million purchase is simply another step in this steady strategy. President Nayib Bukele’s team views Bitcoin as a national asset, similar to gold or other traditional reserves. Because of this, the purchase isn’t seen as a risky bet. Instead, it’s part of the financial identity the country is trying to create for its future.
With the new addition, El Salvador now holds 7,474 BTC, based on public wallet records. This shows the country is treating Bitcoin as something to keep for the long term, not something to sell quickly when prices rise. Their consistent approach makes it clear that they see Bitcoin as a lasting part of their financial system, not just a passing trend.
Growing Geopolitical Implications
Some governments around the world may quietly be watching El Salvador’s strategy and considering whether they should also start buying or holding Bitcoin. Here’s a basic look at who might be next and why they matter.
| Country / Jurisdiction | Why to watch (signals & context) | |
|---|---|---|
| 1 | Panama |
Crypto-friendly legislation talk, regional financial hub status, and active fintech lobbying make it a candidate for reserve diversification. Watch parliamentary bills and central bank statements.
|
| 2 | Paraguay |
Politically pro-mining and exploring crypto-friendly policies; smaller reserves and interest in energy-for-mining models raise odds. Monitor mining permits, utility agreements, and ministry procurement docs.
|
| 3 | Ukraine |
Already used BTC for donations and has shown openness; geopolitical finance needs can drive creative reserve strategies. Track treasury disclosures and official wallet movements.
|
| 4 | Venezuela |
Long history of using crypto to bypass sanctions and preserve value. Look for on-chain flows tied to state entities and oil-for-crypto arrangements.
|
| 5 | Pan-African / Small Island States (e.g., St. Kitts & Nevis, Bahamas alternatives) |
Small economies with tourism/remittance needs sometimes adopt novel reserve tactics; nimble policy changes are easier. Watch cabinet decrees and central bank announcements.
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| 6 | Countries with high inflation / FX stress (regional) |
Any nation experiencing sharp FX reserve declines or hyperinflation will be a candidate. Monitor IMF reports, FX reserves, and public procurement.
|
| 7 | Countries pursuing CBDC + crypto experiments |
Where CBDC pilots coincide with pro-crypto regulatory moves, sovereign BTC interest may follow. Monitor central bank research publications and pilot procurements.
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El Salvador may continue buying Bitcoin little by little, especially if prices fall again. The government might even create a formal Bitcoin Reserve Fund, similar to how countries keep gold reserves. This would make their strategy more structured and easier to understand. Other countries could also follow this path by making small test purchases to see how digital assets fit into their financial plans. At the same time, global regulators may demand more transparency as Bitcoin becomes part of national reserves.
El Salvador’s recent $100 million purchase shows it is committed to a long-term Bitcoin strategy. Whether this inspires other nations or remains a unique experiment is still uncertain. For now, El Salvador has become an example of how a country might blend Bitcoin into its financial future, opening the door to a new phase in how governments interact with digital assets.
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About the Author: John Brok
