El Salvador Bitcoin Reserve Tops 7,800 Coins Despite IMF Agreement Limits
El Salvador's national Bitcoin (BTC) reserve reached 7,807 coins on October 16, crossing the 7,800 BTC threshold. With Bitcoin trading near $82,000, the country's stash is valued between $640 million and $650 million. The country's National Bitcoin Office continues to publish the wallet addresses holding the funds, providing transparent tracking of its sovereign holdings.
The expansion occurs alongside a $1.4 billion loan agreement with the International Monetary Fund, which was designed to cap public sector crypto purchases. As part of that deal, the country ended Bitcoin's legal-tender status, which originally began in September 2021. However, the reserve has expanded by more than 1,700 coins since the fund's program commenced in early 2025 with about 6,070 coins. Recent inflows are attributed to private contributions rather than public spending.
Investors and sovereign finance analysts are monitoring whether the current arrangement remains viable. If international monitors find that public resources were used for recent additions, the reserve's growth could create friction during future loan reviews. Additionally, because the treasury remains directly exposed to cryptocurrency market swings, fluctuations in token valuation will continue to impact the country's paper financial strength.
Key points
- El Salvador's Bitcoin reserve reached 7,807 BTC on October 16, valued at approximately $640 million to $650 million.
- The reserve has grown by over 1,700 BTC since the International Monetary Fund program began in early 2025.
- El Salvador ended Bitcoin's legal-tender status to secure a $1.4 billion Extended Fund Facility loan agreement.
- The International Monetary Fund attributes recent reserve additions to private donations rather than government expenditures.
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How we writeDisclaimerQuestions and answers
How many Bitcoins does El Salvador hold?
As of October 16, El Salvador holds 7,807 BTC in its national reserve, valued between $640 million and $650 million with Bitcoin trading around $82,000.
Did El Salvador drop Bitcoin as legal tender?
Yes, El Salvador rescinded Bitcoin's legal-tender status as part of a $1.4 billion loan agreement with the International Monetary Fund.
How is El Salvador's Bitcoin reserve still growing?
The International Monetary Fund attributes recent additions to private donations rather than purchases made with public government resources.