El Salvador’s Bitcoin Stash Tops $760M as BTC Breaks Above $122K

Key Points

1. El Salvador holds over 6,237 BTC, valued at more than $762 million, with Bitcoin's price reaching $122,121, marking a 3.7% increase in 24 hours.

2. The country's estimated cost basis for its Bitcoin holdings is $42,000, resulting in significant mark-to-market gains.

3. President Nayib Bukele's administration made Bitcoin legal tender in 2021 and has been accumulating it despite criticism and diplomatic tensions.

4. Experts suggest Bitcoin should be considered a long-term strategic reserve asset for sovereigns and central banks, citing El Salvador's gains as a case study.

5. The U.S. introduced the El Salvador Accountability Act of 2025 to investigate the country's Bitcoin usage and consider potential sanctions, while the IMF has previously pressured El Salvador to reverse parts of its Bitcoin policy.