El Salvador Increases Bitcoin Holdings Amid Market Dip
El Salvador has accumulated 1,098.19 BTC over the past seven days, raising its total Bitcoin holdings to approximately 7,474.37 BTC, valued at around $688 million. Significant purchases include 1,091 BTC acquired on a single Tuesday, worth nearly $100 million. The country's Bitcoin Office data, supported by a screenshot shared by President Nayib Bukele on X, confirms ongoing daily purchases of about one BTC per day.
This accumulation is part of a strategy initiated in November 2022 when Bukele announced the move towards adopting Bitcoin as a key financial asset. Analysts, including André Dragosch of Bitwise, have noted that sovereign nations like El Salvador are buying the dip in Bitcoin prices, marking a potential shift in global financial trends.
Stacy Herbert, director of El Salvador’s Bitcoin Office, emphasized that Bitcoin stands for freedom, transparency, and empowerment. She noted that President Bukele views it as a tool to distribute wealth rather than to consolidate governmental power.
The article also references other developments, such as the Czech National Bank's first direct exposure to digital assets, having purchased Bitcoin and other cryptocurrencies worth $1 million. At the time of reporting, Bitcoin’s price hovered near $90,000, experiencing a 24-hour decline of about 4.9% to $90,268. Additionally, data showed short-term holders (with Bitcoin held less than three months) panicked sell-offs totaling 148,000 BTC at a loss, marking the largest such event since April 2025, which suggests absorption by long-term holders.
