Bitcoin surged to $105,747 early Monday, its highest level in weeks, driven by renewed investor confidence following a major trade agreement between China and the United States. This bullish momentum, combined with strong institutional demand and strategic national accumulation, is reinforcing El Salvador’s position as one of the top Bitcoin-holding countries in the world.
The digital asset’s climb began last Thursday, May 8, when it broke the $100,000 barrier for the first time since February, buoyed by news of a U.S.–U.K. trade agreement. The latest catalyst came as Washington and Beijing announced a 90-day suspension of key tariffs, easing global economic tensions and fueling optimism across international markets. The Dow Jones rose 2.66%, Nasdaq 4.16%, and the S&P 500 2.97% in response.
“This agreement represents a hard reset with China,” said U.S. President Donald Trump, citing improved relations with Chinese President Xi Jinping.
Investor appetite was further amplified by institutional giants like Goldman Sachs and BlackRock. Goldman Sachs alone holds 30.8 million shares of BlackRock’s IBIT Bitcoin ETF, valued at $1.4 billion, and is also heavily invested in other crypto-focused funds. IBIT has recorded daily net inflows for 18 consecutive sessions, raising approximately $4.5 billion, while U.S.-based Bitcoin ETFs now exceed $121 billion in net asset value.
This tightening of available Bitcoin supply is placing additional upward pressure on its price, as companies increasingly view the asset not just as a hedge, but as a strategic portfolio component.
El Salvador Strengthens Its Bitcoin Position
Against this backdrop, El Salvador continues its consistent accumulation of Bitcoin through its one-bitcoin-per-day strategy. The country now holds 6,175 BTC, valued at over $645 million at current market prices.
Since initiating the daily acquisition program, the government has purchased 907 Bitcoin, yielding a 96.5% return. Overall, the nation’s Bitcoin portfolio has appreciated by 117%, based on data from crypto-tracking firm Bitbo.
According to the same source, El Salvador ranks as the sixth-largest Bitcoin-holding country, surpassed only by the United States, China, the United Kingdom, Ukraine, and Bhutan.
With Bitcoin gaining renewed global momentum and El Salvador firmly positioned as a pioneering nation in digital currency adoption, the country continues to attract the attention of investors, analysts, and policymakers worldwide.