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El Salvador’s Bitcoin (BTC) adoption as a legal tender has hit a rough patch in 2025, with the country’s cryptocurrency holdings plunging by nearly $40 million. On January 1, 2025, El Salvador held 6,000 BTC valued at $555.83 million, with each Bitcoin priced at $92,595. As of April 15, the country’s stash has increased slightly to 6,158 BTC. However, despite a slight increase in its Bitcoin stash, the total value has dropped to $515.85 million, as BTC’s price fell to $83,930 per coin, a 9.36% decline.  This translates to a $39.98 million loss for the nation, according to the latest on-chain data retrieved by Finbold from Arkham Intel . El Salvador YTD BTC portfolio. Source: Arkham El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as legal tender,  a move championed by President Nayib Bukele to boost financial inclusion and attract investment. The recent losses can be attributed to Bitcoin’s vol...

El Salvador reinforces its commitment to Bitcoin by rolling out an extensive training programme for its civil servants. The initiative, spearheaded by the National Bitcoin Office (ONBTC) , aims to educate 80,000 government employees on Bitcoin’s strategic management and its implications for public policy. EL SALVADOR CONTINUES TO TRAILBLAZE! El Salvador will soon begin providing #Bitcoin instruction and certification to 80,000 public servants. https://t.co/gG9tMPvnPa — The Bitcoin Office (@bitcoinofficesv) August 20, 2024 A Comprehensive Training Approach The newly introduced “Certification in Public Administration 1” programme encompasses 160 hours of virtual, asynchronous training. It is divided into seven modules that cover a range of topics, including Bitcoin legislation, management strategies, and its role as legal tender. According to ONBTC Director Stacy Herbert , this programme is designed to elevate the country’s governan...

It’s a very simple question: Are central banks buying bitcoin? The answer, it turns out, is far more difficult than the question. Certainly, the US Federal Reserve hasn’t been buying bitcoin. Nor is it on the balance sheet of any G7 central bank. Nevertheless, David Bailey of Bitcoin Magazine claimed that smaller central banks were buying the currency. Others also think central bankers are buying, including Michael Arrington. When thinking about whether central bankers are buying bitcoin, El Salvador might be top-of-mind. Smartly, however, Bailey didn’t claim that El Salvador’s central bank had been buying bitcoin. Although it’s true that Salvadoran President Nayib Bukele has bought the currency using public funds, he’s not a central banker. As Bailey knows, El Salvador’s 5,782 bitcoins aren’t on the balance sheet to back its US dollar-pegged fiat, but rather in its more discretionary, fiscal treasury . Instead, Bailey cited an article claiming that Ir...

Analysis of El Salvador and the Central African Republic’s experiences with Bitcoin adoption showed mixed outcomes. Which countries could be next? Blending crypto with the mainstream, El Salvador became the first country to adopt Bitcoin (BTC) as legal tender in Sep. 2021, a decision announced by President Nayib Bukele at the Bitcoin 2021 conference in Miami.  This historic decision was made to address economic challenges and leverage the growing trend of digital currencies.  However, the rollout was marred by various operational and regulatory challenges, including issues with the government’s digital crypto wallet, Chivo Wallet, and skepticism from the public and international financial experts. Chivo ATMs installed in El Salvador | Source: CoinATMradar El Salvador’s economy, already strained by the COVID-19 pandemic, faced increased scrutiny and uncertainty with the adoption of Bitcoin, leading to volatility in its sovereign debt ratings. Followin...