The government of El Salvador remains committed to its long-term Bitcoin strategy, increasing its national treasury holdings by 8 BTC in the past week and 31 BTC over the past 30 days.
Updated Treasury Status:
*Total Holdings:** 7,543.37 BTC
*Total Value:** ~$661 million (based on a ~$87,600/BTC price)
*Average Purchase Price:** The government's average cost basis remains well below the current market price, securing a significant unrealized profit on its strategic reserve.
Context & Significance: This consistent, incremental buying—often via its Bitcoin-friendly citizenship program and state-operated mining—demonstrates a disciplined dollar-cost averaging approach. It reinforces President Nayib Bukele's policy of treating Bitcoin as a long-term sovereign reserve asset, unaffected by short-term market volatility.
El Salvador’s ongoing accumulation serves as a high-profile case study in national Bitcoin adoption, contrasting with the profit-taking or stagnation seen in other institutional portfolios. It continues to symbolically champion Bitcoin's role in national fiscal strategy. #bnb #BTC #Binance #crypto #CryptoNews
