El Salvador Adds Over 1,000 BTC to National Treasury as Prices Dip Below $90K
El Salvador has bolstered its bitcoin reserves, investing nearly $100 million as BTC trades under $90,000.
The country acquired more than 1,000 BTC, raising its total holdings to around 7,500 BTC. This accumulation follows the government’s one-BTC-per-day strategy, which continues despite IMF guidance advising against further public sector purchases. Officials have emphasized that the buying program will persist.
The latest acquisition also comes amid closer collaboration with U.S. authorities on digital asset oversight, highlighted by a June meeting between President Nayib Bukele and White House crypto adviser Bo Hines.
Bitcoin’s price slipped below $90,000 during Asian trading hours, continuing a broader market decline driven by weakening risk sentiment globally.
About The Author
More Stories
Bitcoin Holds Near $64K as Higher Yields and Oil Pressure Stocks
Bitcoin Outpaces S&P 500 as BTC Gains 2.6% While Stocks Slide
Bitcoin’s $62K Zone Could Trigger a Leveraged Long Flush