El Salvador’s central bank has quietly bolstered its reserves with a fresh gold purchase while the government keeps piling into bitcoin. In a post on X on Thursday, the bank said it bought $50 million worth of gold — 9,298 troy ounces — bringing the country’s total gold holdings to 67,403 ounces, roughly valued at $360 million at current prices. President Nayib Bukele reshared the announcement with the one-line: “We just bought the other dip.” It was unclear whether he was celebrating the gold acquisition, winking at the government’s ongoing bitcoin buys, or both. On-chain tracker Arkham recorded that El Salvador added one bitcoin the same day, consistent with Bukele’s pledge to buy one BTC per day. That brings the nation’s bitcoin haul to 7,547 BTC, worth about $635 million with bitcoin trading just above $84,000. Why it matters: the twin moves underscore El Salvador’s dual-reserve strategy — continuing to accumulate bitcoin while quietly rebuilding traditional safe-haven assets like gold. For crypto markets, the country remains a high-profile, state-level buyer of bitcoin; for investors watching reserve diversification, the gold purchase signals a parallel hedge against volatility and macro risk. Read more AI-generated news on: undefined/news