El Salvador Adds 1,098 BTC, Lifting Reserves to 7,474 Amid Market Dip
El Salvador has sneakily added 1,098.19 Bitcoin to its reserves over the past week, taking advantage of a temporary slide in the crypto...
Quick overview
- El Salvador has added 1,098.19 Bitcoin to its reserves, totaling 7,474.37 BTC valued at over $688 million.
- President Bukele's social media announcement highlights the country's ongoing commitment to its Bitcoin accumulation strategy.
- The recent purchases come amid a market downturn, positioning El Salvador as one of the largest sovereign holders of Bitcoin.
- The implications of these purchases may influence investor sentiment and raise questions about compliance with IMF agreements.
El Salvador has sneakily added 1,098.19 Bitcoin to its reserves over the past week, taking advantage of a temporary slide in the crypto market. The purchases, valued at around $101 million at today’s prices, show the country remains committed to Bitcoin despite the chaos in global markets.
President Nayib Bukele spilled the beans on social media, posting a picture of the National Bitcoin Office’s dashboard in a move that left a few people thinking “Hooah”. He’s clearly sticking to the country’s accumulation strategy, even after the IMF deal came through and put the brakes on further buying.
With this latest addition, El Salvador has 7,474.37 BTC on its books, valued at over $688 million. They’re buying big – and fast – which means they’re one of the biggest sovereign holders of Bitcoin on the planet.
Implications for Global Crypto Markets
All this comes at a time when the crypto sector is really selling off, and some institutional and state-level players are seizing the chance to buy Bitcoin while the price is down. By doing this, El Salvador is putting its money where its mouth is – it’s got confidence in Bitcoin’s long-term value.
🔔 🇸🇻 JUST IN: $BTC Falls Under $91,000 But El Salvador adds to #Bitcoin holdings to buy another $100M worth of $BTC. pic.twitter.com/iIsKoWJRTo
— Crypto Dyl News (@cryptodylnews) November 18, 2025
Some things to keep in mind:
- Accumulating with a Plan: El Salvador is still following the daily Bitcoin-buying plan that President Bukele has been banging on about.
- IMF Agreement – Another Story: It remains to be seen whether these purchases will get the IMF off their back – they’ve said no more Bitcoin buying after that credit swap deal.
- Market Perception – Weighting the Scales: This move by the country is likely to be seen as a bullish endorsement by a sovereign state, boosting investor optimism.
The big question is where the money for these purchases is coming from – or whether they are just moving it between state-owned wallets. And when the IMF comes calling for a review, they’ll be taking a hard look at whether all this is playing by the rules.
Looking Ahead: Will They Keep Buying?
For now, it’s clear that El Salvador is committed to buying up Bitcoin as the price drops – they’re buying low, so they can sell high. And if the price keeps dropping, they might buy more, increasing both their exposure to crypto and their influence over investor sentiment.
The huge question is how President Bukele balances this bold strategy with the need to follow the rules – any disputes with the IMF could put a serious dent in the country’s financial stability and reputation.
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