El Salvador Expands BTC Holdings With $100M Purchase

El Salvador has added 1,098 Bitcoin worth about $100 million to its reserves, bringing its total holdings to 7,474 BTC.

President Nayib Bukele celebrated the purchase on X, reinforcing the country’s long-term accumulation strategy despite market weakness. The government continues buying one Bitcoin per day to reduce its average cost over time.

Officials say the goal is to promote financial independence and reduce reliance on the U.S. dollar, even though adoption of Bitcoin as legal tender remains slow among citizens.

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