According to @KobeissiLetter, El Salvador President Nayib Bukele referenced a Kalshi market asking when the country’s Bitcoin holdings would hit $1 billion and replied, "I could do the funniest thing right now," which @KobeissiLetter interprets as a hint at additional BTC purchases (source: @KobeissiLetter). For traders, the explicit focus on a $1B holdings milestone and the purchase hint flag potential near-term sovereign buy-side interest in BTC and headline-sensitive price action (source: @KobeissiLetter).

According to Cas Abbé, El Salvador's national Bitcoin reserves are being bolstered through four primary sources: confiscated Bitcoin seized from criminal activities, mining fees collected from private miners, global BTC donations to the National Bitcoin Vault, and existing state-held digital assets (source: @cas_abbe, June 5, 2025). These actions could impact Bitcoin's circulating supply and potentially influence market liquidity and volatility, presenting both risks and opportunities for crypto traders in 2025. Monitoring the movement and disposition of such state-held BTC is essential for anticipating supply shocks and price action.