El Salvador's Bitcoin Strategy Faces Election Day Showdown

El Salvador's Bitcoin strategy is facing one of its biggest political tests yet as the country heads into the February 2027 presidential election. The National Bitcoin Office has continued to quietly accumulate around one BTC every day, with national holdings now reaching approximately 7,725.37 BTC as of July 27, up from roughly 7,700 BTC a month earlier.

The opposition has lined up challengers for the upcoming election, with both candidates criticizing President Nayib Bukele's Bitcoin strategy, describing it as a 'fiscal failure rather than an economic success.'

Bukele has remained broadly popular after six years in office and will be running for his potential third term. The government removed the legal requirement for businesses to accept Bitcoin in February 2025, following the $1.4 billion IMF loan agreement.