On February 4, the government of El Salvador expanded its national Bitcoin reserve by 11 BTC (approximately $1.1 million), deviating from its usual strategy of purchasing one coin per day.

Just three days of stacking in Bitcoin Country

🇸🇻🤑👇 https://t.co/bCQPQLkA0p pic.twitter.com/q4MfirbZ0q
— The Bitcoin Office (@bitcoinofficesv) February 4, 2025

As of writing, the government holds a total of 6,068 BTC, acquired at an average price of $46,102. The total value of its Bitcoin reserves stands at $598.4 million.

At the end of January, El Salvador’s Congress approved amendments to the national crypto strategy as part of an agreement with the IMF. The changes aim to ensure the “permanence of Bitcoin as legal tender.”

Technology company Semler Scientific is also expanding its Bitcoin reserves. Between January 11 and February 3, the firm acquired 871 BTC for $88.5 million at an average price of $101,616. It now holds 3,192 BTC, worth $280.4 million.

Meanwhile, corporate Bitcoin leader MicroStrategy made no purchases between January 27 and February 2.

Previously, CryptoQuant analysts concluded that since the U.S. presidential elections, major investors have been the primary driver of Bitcoin’s price movements.