El Salvador is continuing its steady Bitcoin accumulation despite the latest market slide. The country bought 1,091 BTC on Tuesday, worth nearly $100 million, according to the Bitcoin Office. President Nayib Bukele shared updated treasury data on X, showing the government added 1,098.19 BTC in the past week, bringing total holdings to 7,474.37 BTC valued at about $688 million.
The government has been purchasing one bitcoin per day since Bukele announced the plan in November 2022. The approach hasn’t changed during price drops, signaling a long-term strategy to build digital reserves. Bitwise researcher André Dragosch said El Salvador is among several countries “buying the dip,” suggesting early signs of a wider shift in sovereign investment behavior.
Stacy Herbert, director of the Bitcoin Office, described Bitcoin as a tool for “freedom” and argued that adopting it as legal tender distributes power rather than concentrates it. Momentum is also appearing elsewhere, with the Czech National Bank revealing its first direct crypto purchase worth $1 million.
Bitcoin, meanwhile, continues to struggle. It dipped below $90,000 on Tuesday as short-term holders sold 148,000 BTC at a loss, the largest wave since April 2025. El Salvador’s buying briefly helped sentiment, but broader de-risking still weighs on the market as it searches for long-term support.
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