Bitcoin Banks Coming to El Salvador? Cryptic Government Post Sparks Speculation

A cryptic post from El Salvador’s National Bitcoin Office (ONBTC) has signaled the sovereign Bitcoin  BTC $116 897 24h volatility: 0.5% Market cap: $2.33 T Vol. 24h: $33.43 B investor may be preparing to launch its first Bitcoin banks. While no structural details or launch timelines were revealed, the development aligns with the nation’s ongoing push to deepen Bitcoin integration into its financial system.

🇸🇻🚀 pic.twitter.com/DEGUKMmhfd

— The Bitcoin Office (@bitcoinofficesv) August 8, 2025

The move follows a government-backed proposal to create a private investment bank operating in both Bitcoin and US dollars, requiring a minimum of $50 million in capital.

This fits into El Salvador’s broader strategy of expanding crypto adoption since making Bitcoin legal tender in 2021. This includes building BTC reserves, attracting crypto mining investment, and loosening regulations for private banks managing digital assets.

Bitcoin Holdings and Profitability Strategy Strengthen Fiscal Position

On-chain data from NayibTracker shows El Salvador now holds 6,263 BTC, valued above $730 million at current market prices. Despite skepticism from international lenders such as the IMF, El Salvador’s BTC holdings are now a significant fiscal asset.

President Nayib Bukele’s administration continues to accumulate BTC indirectly through mining and tourism-linked revenue rather than large market purchases. This gradual accumulation approach reduces exposure to price volatility while allowing the country to compound long-term gains.

At press time, as Bitcoin trades just above $117,000, the nation’s unrealized profits exceeded $228 million, their highest on record.

Bitcoin Infrastructure Demand Drives Best Wallet to $14 Million

El Salvador’s push toward Bitcoin banking infrastructure highlights the growing need for comprehensive crypto wallet solutions. Best Wallet (BEST) has capitalized on this trend, with its presale crossing $14 million as institutions and retail users seek advanced Bitcoin management tools.

The timing aligns with El Salvador’s financial evolution, where Bitcoin banks will require sophisticated wallet infrastructure to serve both institutional and retail clients. Best Wallet’s features—including priority access to project listings, reduced transaction fees, and high-APY staking rewards—position it to support the expanding Bitcoin economy that El Salvador is pioneering.

Early BEST investors can secure access before the next price tier unlocks, potentially benefiting from the broader Bitcoin adoption wave that El Salvador continues to lead.

next

The post Bitcoin Banks Coming to El Salvador? Cryptic Government Post Sparks Speculation appeared first on Coinspeaker.