El Salvador Buys the Dip, Adds 11 Bitcoin to Reserves
El Salvador continues its Bitcoin strategy, purchasing 11 BTC during the dip to strengthen its national reserves.
- El Salvador adds 11 Bitcoin to its strategic reserves amid a market dip.
- The country remains committed to its Bitcoin adoption strategy.
- This move aligns with its “1 BTC per day” accumulation plan.
El Salvador, the first country to adopt Bitcoin as legal tender, has once again bought the dip, adding 11 BTC to its national reserves. This purchase reaffirms the government’s commitment to its long-term Bitcoin strategy, even amid market volatility.
Since implementing its “1 BTC per day” accumulation plan, El Salvador has consistently increased its Bitcoin holdings, seeing BTC as a hedge against inflation and a tool for financial independence.
Why This Matters
Despite mixed opinions on Bitcoin’s role in national finance, El Salvador remains one of the strongest advocates for state-level Bitcoin adoption. The government, led by President Nayib Bukele, believes in BTC’s long-term potential and continues to accumulate during market dips.
This strategy could pay off significantly if Bitcoin follows historical price trends and appreciates over time. Meanwhile, the country is also pushing forward with Bitcoin-related infrastructure projects, such as Bitcoin bonds and mining powered by volcanic energy.
The Future of Bitcoin in El Salvador
With each dip, El Salvador continues adding to its BTC reserves, demonstrating confidence in the asset’s future. As institutional adoption grows globally, El Salvador’s early moves may position it as a leader in nation-state Bitcoin adoption.
