Key Takeaways
- •El Salvador makes record Bitcoin purchase amid market dip.
- •Transaction aligns with President Nayib Bukele's strategy.
- •Potential conflicts with IMF agreements rise.
Government Confirms Major Bitcoin Acquisition
El Salvador confirmed the purchase of over $100 million in Bitcoin, led by President Nayib Bukele between November 17 and 18, 2025, during a sharp market dip.
The acquisition underscores El Salvador's commitment to Bitcoin, potentially affecting its IMF agreements and highlighting ongoing controversies regarding cryptocurrency in national treasuries.
Details of the Transaction
El Salvador’s government, led by President Nayib Bukele, confirmed its largest ever Bitcoin purchase. The country acquired 1,090–1,098 BTC, valued over $100 million, during a market dip with Bitcoin prices below $90,000.
President Nayib Bukele and the country's Bitcoin Office boldly reported the acquisition via official statements on Twitter/X. This move adheres to Bukele’s ongoing strategy of Bitcoin accumulation despite market fluctuations.
The decision has significant implications for El Salvador’s economy and global Bitcoin markets. By acquiring more Bitcoin, the country aims to strengthen its sovereign digital asset portfolio.
Implications and International Scrutiny
Financial experts note this acquisition may challenge El Salvador’s IMF agreements, which prohibit new public-sector Bitcoin purchases. This transaction could potentially conflict with the IMF's $1.4 billion loan terms. Nayib Bukele, President of El Salvador, confirmed the purchase stating, "Hooah!" along with the details of acquiring 1,098.19 BTC, bringing the country's total to 7,474.37 BTC.
Global financial bodies are closely monitoring El Salvador’s actions. Bitcoin enthusiasts view it as a major national endorsement of the cryptocurrency.
Historical precedents highlight El Salvador's pattern of buying Bitcoin during market dips. The country holds over 7,474 BTC now. Analysts suggest this approach to sovereign accumulation may lead to ongoing regulatory discussions.
President Bukele's Announcement
Hooah!
We just bought the bottom.
1,098.19 BTC for 109,570,031.36 USD.
El Salvador now holds 7,474.37 BTC.
- Nayib Bukele, President of El Salvador