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

The Bitcoin bet by President Nayib Bukele is bearing fruit with the crypto interests of El Salvador that rises nearly $ 760 million, while digital actively crossed $ 122,000 on Sunday, which limited a strategy that worldwide financial institutions were previously rejected as reckless.

The Midden -American nation now has more than 6,237 BTC worth more than $ 762 million, according to Arkham Intelligence facts.

Of Bitcoin Trade on $ 122.121, an increase of 3.7% in 24 hours, according to Coingecko factsThe estimated cost basis of $ 42,000 means that its importance has almost tripled in value, generating paper profits that overshadow many traditional government investments.

The administration of President Nayib Bukele did Bitcoin legal tender in 2021 and began to actively collect it during market low points, annoying criticism, diplomatic tension and a major sale before the market was in favor of El Salvador.

“Sovereins and central banks must consider Bitcoin as part of their long-term strategic reserves,” said Pranav Agarwal, independent director at Jetking Infotrain India-de First Bitcoin Treasury Company of the country, told Decrypt. “The mark-to-market profits by El Salvador are a great indicator of how this approach yields value for a rolling period of four to five years.

“It will fall like a case study in the global economy,” he said.

Agarwal said potential risks and said, “If an independent nation, if the government has the support of the elected representatives, they are not confronted with material internal regulatory risks.”

However, the Bitcoin strategy of El Salvador remains confronted with international control.

Bukele went to X last week To mock American senators Who introduced the El Salvador Accountability Act of 2025, a bill that wants to investigate Bitcoin use of the country and consider sanctions.

Although the IMF has previously put pressure to put El Salvador under pressure to reduce parts of its Crypto Act, which leads to a back -turn that Bitcoin acceptance made for companies, Berkele is unranted, Keep adding Bitcoin To the national balance.

Since Bitcoin touches new highlights, traders look closely in the level of key levels for signs of further momentum.

“The outbreak above the range of $ 119,500- $ 120,000, supported by the rising volume, reflects the continuous buying interest,” said Pankaj Balani, CEO and co-founder, Delta Exchange, said Decrypt. “A persistent movement above $ 122,000 can open the path to $ 124,000 – $ 125,000.”