Lead
El Salvador accelerated its Bitcoin accumulation, purchasing roughly 1,098 BTC in the past seven days—over $100 million at recent prices. The country’s total holdings now stand at 7,474.37 BTC, valued around $688.4 million, according to the government’s Bitcoin dashboard.
Key Developments
- Weekly purchase: +1,098.19 BTC (past 7 days)
- Total holdings: 7,474.37 BTC
- Estimated value: $688,397,327
- 7-day USD change: +$101,144,460
- Source: Government Bitcoin Office dashboard (bitcoin.gob.sv)
Context and Strategy
El Salvador has been conducting daily Bitcoin purchases, historically at a pace of 1 BTC per day. The latest weekly jump suggests a significant acceleration in accumulation. The country made Bitcoin legal tender in 2021 and has since maintained a strategy of adding BTC to national reserves.
Market Impact
While the purchase size is modest relative to Bitcoin’s total market capitalization, the move underscores continued sovereign-level adoption and provides a signal of long-term commitment to BTC as part of national reserves. The holdings increase also reflects opportunistic accumulation during market fluctuations.
Conclusion
El Salvador’s rapid, week-long addition of nearly 1,100 BTC marks a notable shift from its daily cadence and brings national reserves to 7,474.37 BTC. Market watchers will look for whether this faster pace continues and how it influences the country’s broader Bitcoin strategy.