El Salvador spent approximately $100 million to purchase 1,098 Bitcoin (BTC) this past week, despite the market decline. The country’s Bitcoin office reports that it now holds 7,474 Bitcoin (approximately $688 million) in reserve. Based on the latest publicly available data, the Central American nation’s BTC accumulation continues — but at a much slower, incremental pace. El Salvador buys Bitcoin every day to grow its reserves President Nayib Bukele posted a screenshot on X that showed the amount of Bitcoin his government purchased over the past week and wrote “Hooah!” to celebrate the buy. Bukele wants the world to see that the country will grow its reserve by holding BTC for the long term , rather than chasing quick profits from sudden price swings. El Salvador has been adding one token to its reserve every day to capitalize on price dips and reduce the average cost of its Bitcoin over time. The government believes in the long-term value of digital assets and aims to establish a robust financial foundation for its future using BTC. The director of El Salvador’s Bitcoin Office, Stacy Herbert, stated that the government is purchasing Bitcoin daily to provide individuals with greater control over their finances, thereby reducing their reliance on traditional banking institutions. Most Salvadorians use the U.S. dollar for daily shopping and payments, so the government wants its people to stop relying on the currency and learn about how to use Bitcoin. El Salvador was the first country worldwide to make Bitcoin a legal tender in 2021, but adoption has been really slow because most people still prefer using the dollar. The International Monetary Fund even warned the country about the risks of holding large amounts of Bitcoin. Still, the government continued to buy BTC daily, as it believed in its future in the financial sector. Bitcoin price has gone down, but El Salvador continues to buy The price of Bitcoin went below $90,000 this week and even dropped by almost 5% in just one day. This sudden drop shocked small investors who had held BTC for only a few months, and many of them rushed to sell their coins to avoid further losses. Their rash actions became the biggest short-term selling event since April 2025, as approximately 148,000 BTC changed ownership, causing the prices to fall even further. Investors were panicking and selling at a big loss, but El Salvador remained calm and continued to buy BTC every day. The government of El Salvador has set an example for other countries, as the Czech National Bank also recently announced that it bought its first BTC and other digital assets. However, even if other governments purchase Bitcoins and help the market improve slightly, they cannot prevent small investors from panic-selling. Hence, prices continue to fall, and the market remains highly sensitive to new news. El Salvador now has one of the largest government BTC reserves in the world, with 7,474.37 Bitcoin (approximately $688 million). DropsTab reported that the country’s holdings have already generated unrealized profits of nearly $264.6 million, demonstrating the significant long-term benefits of accumulating BTC. El Salvador is now the fifth-largest holder of Bitcoin , after the United States, China, the United Kingdom, and the European Union. The country has a modest economy compared to these global powers, but it has stood out due to its aggressive yet calculated strategy for digital assets. Some people argue that holding Bitcoin for too long can have more risks than benefits, but Bukele remains consistent with his purchases because he believes in the long-term future of BTC for his country. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program
