El Salvador Buys the Dip, Accumulates 1,098 BTC in 7 Days
El Salvador is maintaining its Bitcoin accumulation strategy amid the market dip. The Central American nation added 1091 BTC on Tuesday, worth nearly $100 million, per Bitcoin Office data.
Salvadoran President Nayib Bukele posted a screenshot on X showing the government’s Bitcoin treasury holdings. El Salvador has purchased 1098.19 BTC over the past 7 days, increasing its total holdings to 7474.37 BTC, worth $688 million.
Despite the current market fluctuations, the government continues to increase its bitcoin holdings by 1 BTC per day. The nation, one of the early Bitcoin adopters, has been consistently buying BTC daily, after the Salvadoran President Nayib Bukele announced the move in November 2022.
Sovereign Nations Buying the Bitcoin Dip
El Salvador’s calculated Bitcoin buying approach, even during market downturns, reflects a long-term strategy aimed at enhancing its digital reserves.
André Dragosch, financial analyst and European Head of Research at Bitwise, shared that sovereign nation states are buying the dip, signalling a potential shift in global financial strategies.
Stacy Herbert, director of El Salvador’s Bitcoin Office, calls Bitcoin “freedom, transparency, and individual empowerment.”
“Bitcoin is the opposite of government control,” she wrote on X. “President Bukele has embraced it as a legal tender not to consolidate power, but to distribute it.”
Recently, the Czech National Bank (CNB) revealed its first direct exposure to digital assets, purchasing Bitcoin and other crypto worth $1 million.
BTC Prices Slump Further – Is This the Right Time to Buy?
The Tuesday Asian markets opened with Bitcoin plunging below $90,000. The largest crypto by market cap fell 4.91% to $90,708 in the past 24 hours, driven by panic selling.
At the time of writing, Bitcoin is trading at $90,268, per CoinMarketCap data.
Short-term holders (addresses holding BTC for less than 3 months), panic-sold 148K BTC at a loss, the largest such event since April 2025. Per Cryptonews analysis, the pattern mirrors past market tops, suggesting sellers may not be finished yet.
While El Salvador’s $100M purchase provided a brief respite, it was overshadowed by systemic de-risking. The market now tests if long-term holders will absorb the supply at discounted prices.
The post El Salvador Buys the Dip, Accumulates 1,098 BTC in 7 Days appeared first on Cryptonews.
