El Salvador has quietly expanded its Bitcoin holdings once again—this time adding 1,098.19 BTC, bringing its total reserves to 7,474.37 BTC, now worth over $688 million at current prices.
The move, disclosed by President Nayib Bukele through a snapshot of the National Bitcoin Office dashboard, signals that the country is doubling down on its long-standing accumulation plan despite global market turbulence and pressure from international financial partners.
“El Salvador has added 1,098.19 Bitcoin to its reserves, totaling 7,474.37 BTC valued at over $688 million.”
“President Bukele’s social media announcement highlights the country’s ongoing commitment to its Bitcoin accumulation strategy.”
A Strategic Buy During Market Weakness
Bitcoin has been under heavy selling pressure in recent days, and El Salvador appears to have used the downturn as an opportunity to accumulate more. The fresh stash, valued at roughly $101 million, suggests that the country is still following its daily Bitcoin-buying strategy introduced in 2022.
This expansion also cements El Salvador’s position as one of the largest sovereign Bitcoin holders. While countries like the U.S. and China hold more BTC through seized assets, El Salvador remains the only nation consistently buying BTC as part of an official long-term strategy.
How These Moves Could Influence the Market
El Salvador’s aggressive buying could help shape sentiment in a market rattled by liquidations, regulatory pressure, and institutional repositioning. When a sovereign state steps in as a buyer during a broader selloff, it sends a message: confidence in Bitcoin’s long-term potential remains intact.
“This move by the country is likely to be seen as a bullish endorsement by a sovereign state, boosting investor optimism.”
Some analysts believe El Salvador is trying to accumulate low-cost BTC before the next major bull run. Others suggest the purchases may simply reflect internal wallet restructuring across state-controlled accounts. The government has not clarified the source of the newly added funds.
What Comes Next?
For now, Bukele appears fully committed to the strategy that has defined his administration’s crypto policy: buy Bitcoin, hold it, and wait. If prices continue to drop, the country may even accelerate its purchases, though this could intensify scrutiny from global financial institutions.
As the IMF prepares for future reviews, the tension between El Salvador’s Bitcoin ambitions and international expectations is likely to grow. For supporters, the country is making a bold and brilliant long-term play.
For critics, it’s a risky bet with national financial stability on the line.
Regardless of the debate, one thing is certain: El Salvador just made one of its biggest Bitcoin purchases yet—and it’s sending a loud, bullish signal to the rest of the world.
