Bitcoin under $66,000: El Salvador further strengthens its reserves

El Salvador keeps buying bitcoin while the market declines. As BTC slips below $66,000, the country led by Nayib Bukele consolidates a reserve approaching 7,600 BTC. The signal is clear. San Salvador does not treat the drop as an alert, but as an accumulation window.

El Salvador buys when the market doubts

Bitcoin fell to around $65,700, but El Salvador has not changed course. The country continues adding BTC to its strategic reserve, in line with its bitcoin investment strategy despite IMF pressures. This consistency contrasts with the market mood, where every dip revives doubts about the cycle’s solidity.

The national reserve now approaches 7,600 BTC. Its value exceeds $510 million according to recent market prices. The exact figure varies by sources, since purchases are regular and wallet movements can sometimes be hard to interpret.

It is precisely this pace that gives weight to El Salvador’s strategy. The country does not seek the perfect timing. It proceeds by accumulation. One BTC per day, sometimes more, sometimes with adjustments. The method may seem simple but becomes political when driven by a state.

A strategy resisting IMF pressure

El Salvador’s position remains sensitive as it continues under the gaze of the International Monetary Fund. The financing agreement with the IMF pushed the country to amend its legal framework. The acceptance of bitcoin by companies became voluntary, no longer mandatory.

This change could have marked a clear retreat. Yet, Bukele never abandoned the core of his bet. Bitcoin remains part of the country’s economic narrative. It also remains in its balance sheet, despite criticism over volatility and public funds exposure.

The most interesting point lies in this gray area. El Salvador softened the law to reassure international lenders, but it continues accumulating. This position also fuels a recurring standoff, as the country has already been accused of circumventing IMF rules on bitcoin. It thus gives the IMF a legal concession while preserving its financial symbol.

A reserve turned political and financial tool

For Bukele, the bitcoin reserve is not just an accounting line. It acts as a showcase. It shows a country that wants to position itself against the mainstream financial system. This image matters as much as the average purchase price.

El Salvador also aims to attract investors, crypto companies, and capital linked to new financial infrastructures. In this logic, every purchase reinforces the message. The country does not only want to hold bitcoin. It wants to be identified as the state that dared to make it a national pillar.

But this strategy remains risky. A prolonged bitcoin decline would weigh on the valuation of reserves. For a small dollarized economy, exposure to such a volatile asset can become a budgetary tension subject. Supporters see a long-term vision. Critics see a dangerous concentration.

For now, Bukele turns every decline into an argument. BTC falling under $66,000 allows him to repeat that the country buys when others panic. This stance pleases bitcoiners. It annoys institutions. Above all, it forces observers to follow every move of El Salvador’s Treasury.

If bitcoin rebounds, El Salvador can present its patience as a victory. If the fall worsens, the debate will become more brutal. In both cases, the country has already won one thing: it has become the most watched sovereign laboratory of the Bitcoin ecosystem, at a time when other states are also beginning to consider national Bitcoin reserves as a new strategic tool.