El Salvador Shifts Focus to Gold, Hinting at Changes in Bitcoin Strategy

El Salvador has taken a significant step away from its controversial Bitcoin strategy by adding 14,000 ounces of gold to its international reserves. This purchase, worth approximately $207 million, marks the nation’s first foray into precious metals since 1990 and aligns with IMF recommendations for balanced reserve portfolios. The IMF confirmed that no new state-backed Bitcoin purchases have been made since February 2025, signaling a pause in President Bukele’s “1 Bitcoin a day” plan which had started in late 2021. While internal BTC transfers continue, these are not new government buys. El Salvador’s strategy remains unclear as the country continues to accumulate Bitcoin daily through internal transfers but has yet to disclose any changes to its long-term Bitcoin strategy.