El Salvador accelerates Bitcoin accumulation, holdings hit 7,500 BTC
Over the past month, El Salvador’s Bitcoin reserves have increased by 1,120 BTC, marking one of the most aggressive accumulation periods since the country launched its strategic Bitcoin accumulation initiative.
El Salvador has reached a new milestone in its national Bitcoin strategy: the country’s government holdings have climbed to 7,500 BTC, worth approximately $677 million.
Data from the publicly available government monitoring dashboard shows a steady upward trend in total holdings, rising from just over 6,000 BTC at the beginning of this year. Notably, the pace of government accumulation accelerated over the past month, reinforcing its long-term commitment to Bitcoin as a strategic reserve asset.
One of the most significant purchases occurred on November 18, when the treasury acquired 1,090 BTC in a single day. However, the past week saw a more modest increase of 8 BTC, highlighting a strategy that combines occasional large purchases with smaller but consistent additions.
Confidence in Bitcoin’s value drives purchases
According to CryptoDNES, the large one-day purchases suggest the government continues to take an opportunistic approach, while steady incremental increases indicate that the dollar-cost averaging policy announced in 2022 remains in effect.
As institutional demand grows through spot Bitcoin ETFs and more governments explore digital asset strategies, El Salvador’s approach stands out as a real-world experiment in treating Bitcoin as a sovereign reserve asset. For global observers, the country continues to offer a clear example of confidence in Bitcoin’s long-term value despite ongoing price volatility.
As we wrote, El Salvador splits 6,274 BTC into 14 wallets
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