🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
El Salvador Adds 7 BTC to National Reserve
El Salvador has once again increased its national Bitcoin reserves, acquiring seven BTC in the past week—even as its $1.4 billion loan deal with the International Monetary Fund (IMF) explicitly prohibits such purchases.
According to the El Salvador Bitcoin Office, the Central American country now holds 6,173 BTC, valued at over $637 million based on current market prices. The latest acquisition underscores El Salvador’s ongoing commitment to Bitcoin, even after officially repealing its legal tender law earlier this year.
IMF Deal Fails to Deter Bukele’s Bitcoin Strategy
In December 2024, El Salvador entered into a major financing agreement with the IMF. As part of the deal, the country agreed to:
Despite these commitments, the country’s Bitcoin buying spree has not slowed. In January 2025, lawmakers overwhelmingly repealed the Bitcoin legal tender law. However, BTC acquisitions have continued unabated.
The IMF reiterated its call to suspend Bitcoin purchases in March 2025. Yet, President Nayib Bukele responded defiantly, reaffirming that the nation would not yield to external financial pressure.
“No, it’s not stopping,” Bukele wrote in a March 4 post on X. “If it didn’t stop when the world ostracized us and most ‘Bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.”
A Model for Other Nations?
El Salvador remains one of the only countries actively acquiring Bitcoin on the open market. Some industry experts suggest its approach could serve as a model for other nations exploring crypto as part of their strategic reserves.
By prioritizing Bitcoin accumulation—even at the cost of international financial friction—El Salvador is betting that digital assets will play a key role in the future of sovereign wealth and economic innovation.