El Salvador Invests Another $100M in Bitcoin Despite Market Decline
El Salvador has doubled down on its bitcoin strategy, acquiring 1,098 BTC worth roughly $100 million during a period of sharp market volatility.
A Strategic Purchase, Not a Speculative Move
President Nayib Bukele confirmed the purchase through his social media announcement, stressing that the acquisition is not driven by speculation but by long-term confidence in bitcoin. According to Bukele, market corrections create opportunities for countries willing to build strategic reserves. This approach aligns with El Salvador’s multi-year policy of treating bitcoin as a sovereign asset rather than a trading instrument. Despite the recent global downturn, the administration continues to strengthen its position.Daily Accumulation Continues
Stacy Herbert, director of the National Bitcoin Office, reiterated that the government continues to accumulate bitcoin daily. She emphasized that the initiative aims to expand financial access for Salvadorans and reduce reliance on traditional banking infrastructure. The country views decentralized assets as a way to increase economic resilience. The ongoing purchases reflect a broader national strategy rather than short-term market timing.Growing Reserves and Rising Unrealized Gains
With the latest acquisition, El Salvador’s total holdings have risen to 7,474.37 BTC. At current market rates, the portfolio is valued at approximately $688 million, generating more than $264 million in unrealized profit. These numbers highlight the country’s conviction that bitcoin remains a long-term strategic asset. The government maintains its commitment despite pressure from international institutions skeptical of the approach.Bukele Rejects IMF Pressure
President Bukele reaffirmed that El Salvador will continue accumulating bitcoin even in the face of criticism from the International Monetary Fund. The administration argues that financial independence requires technological and monetary autonomy. For El Salvador, bitcoin represents both. As global regulatory uncertainty grows, the country continues to position itself as a pioneering crypto-nation.Editorial Team — CoinBotLab