El Salvador adds gold to reserves, continues daily bitcoin buys

El Salvador’s central bank has increased its national reserves with a $50 million gold purchase while the government maintained its steady accumulation of bitcoin.

According to an official announcement, the country acquired 9,298 troy ounces of gold, bringing its total holdings to 67,403 ounces. At current market prices, El Salvador’s gold reserves are valued at roughly $360 million.

At the same time, the government purchased an additional 1 BTC as part of its ongoing strategy of buying one bitcoin per day. This latest acquisition brings the country’s total holdings to 7,547 BTC. With bitcoin trading just above $84,000, the stash is worth approximately $635 million.

President Nayib Bukele reshared the gold purchase announcement with the comment, “We just bought the other dip.” It was unclear whether he was referring to the gold buy or playfully acknowledging the country’s routine bitcoin purchase, which remains a consistent part of El Salvador’s long-term digital asset strategy.