El Salvador government adds $100M worth of Bitcoin amid market dip
Key Takeaways
- El Salvador expanded its Bitcoin holdings by $100 million as prices pulled back.
- Bitcoin has been legal tender in El Salvador since 2021.
El Salvador added 1091 Bitcoin worth over $100 million today as the crypto asset experienced a market dip. The Central American nation has maintained its strategy of accumulating Bitcoin as part of its digital asset policy.
Bitcoin remains legal tender in El Salvador, a status the country first granted the crypto asset in 2021. The government has pursued a policy of accumulating more Bitcoin during market downturns as part of its long-term accumulation strategy.
The latest move adds to El Salvador’s existing Bitcoin treasury, which the government has built through periodic acquisitions over the past several years. El Salvador currently holds 7,474 BTC valued at around $688 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Top Executives Accumulate ETH and BTC During $1.1B Sell-Off, Highlight 100x Growth Opportunity
- Bitcoin fell below $90,000 amid $1.1B liquidations, with BitMine/Bitwise executives predicting long-term "supercycles" for BTC/ETH despite short-term volatility. - BitMine added 54,156 ETH ($170M) to holdings, while Hyperscale Data bought 59.76 BTC via dollar-cost-averaging, signaling institutional confidence in crypto's value. - ETF outflows ($870M in one day) and LTH selling (815,000 BTC in 30 days) highlight bearish fundamentals, with $102,000 as critical support for Bitcoin. - Fed officials' cautious
Bitcoin Updates: MicroStrategy's Bold Bitcoin Investment Stands Strong Despite 57% Drop in Stock Value
- MicroStrategy's CEO reaffirms Bitcoin buying strategy amid market volatility, adding 8,178 BTC for $835.6M. - Despite 57% stock decline, MSTR's Bitcoin holdings reach $61.7B, funded by preferred shares and convertible notes. - Critics question debt-driven model's sustainability, but analysts praise its Bitcoin-per-share growth and $535 price target. - Saylor envisions $1T Bitcoin balance sheet, leveraging appreciation for credit products and reshaping global finance.
Ethereum Updates Today: Buddy Goes All-In on ETH with $13 Million Leveraged Wager Amid Market Slump
- Buddy Huang’s ETH long position was liquidated, prompting a $9.5M reentry amid market turmoil. - Market selloff attributed to macroeconomic pressures, with BTC dropping 28.7% below $90K. - A $1.24B ETH whale added 13,117 ETH despite $1.59M unrealized losses, signaling bullish conviction. - Institutional caution grew as SoftBank exited $5.8B NVIDIA stake, while Coinbase hinted at December 17th product launch. - Buddy’s $13M leveraged bet faces liquidation risk if ETH fails to stabilize above $3,000, highl
The Rapid Drop in COAI Shares: Red Flag or Investment Chance?
- COAI Index fell 88% YTD in Nov 2025, sparking debate over systemic collapse vs undervalued opportunity. - Market sentiment diverges from fundamentals: C3.ai shows 26% YoY revenue growth despite governance crises and $116M Q1 loss. - CLARITY Act regulatory uncertainty, leadership turmoil at C3.ai, and crypto frauds like Myanmar's $10B scam fueled sector-wide selloff. - C3.ai's $724M cash reserves and 69% gross margin highlight resilience, but legal battles and regulatory ambiguity persist as key risks. -
Trending news
MoreCrypto prices
More
