El Salvador Marks 5 Years of Bitcoin Law with Continued Sovereign Purchases

Key Facts

In a move reflecting its continued commitment to the world's boldest digital currency experiment, El Salvador marks the fifth anniversary of its Congress voting to grant Bitcoin legal tender status on June 8, 2021. According to reports, the government currently holds 7,677 BTC in its sovereign treasury, worth approximately $480 million. This confirmation reinforces the nation's official stance on integrating digital assets into the national financial system despite repeated international warnings.

Since the law's adoption, El Salvador has faced criticism from the IMF, yet President Nayib Bukele has persisted with a daily purchase policy to bolster reserves. In comparison to other entities, El Salvador remains the only nation to officially adopt this path, while major corporations like MicroStrategy have followed similar accumulation strategies, with the latter holding over 214,000 BTC per market data. Recent rallies in digital asset prices have helped shift a significant portion of El Salvador's investments into unrealized profit territory.

Looking at market performance, Bitcoin remained at robust levels at the close of June 9, 2026, as investors eye key US economic data that could impact risk appetite. Traders should watch the upcoming ADP Employment Change and Initial Jobless Claims reports in the coming days, as labor market surprises often trigger volatility in crypto prices. Current technical support levels remain critical for maintaining the bullish momentum that underpins the value of El Salvador’s sovereign portfolio.