The President of El Salvador, Nayib Bukele, announced on his official X account that the country has acquired 11 new bitcoins, equivalent to approximately US$1 million. This move reinforces the salvadoran government’s strategy of betting on Bitcoin as a central part of its economy and as a strategic reserve of value.
This purchase adds to the more than 6,000 BTC that El Salvador already owns, consolidating its position as the first country to adopt Bitcoin as legal tender.
This decision comes at a time when Bitcoin prices are showing relative stability after a recent rally. The balance graph published by Bukele shows a positive trend in terms of both BTC and dollar equivalent value, supporting the administration’s confidence in the future growth of this technology.
President Bukele’s strategy has generated mixed reactions globally, with some experts pointing out the risk associated with the volatility of the crypto market. However, for El Salvador, this investment continues to be a central axis of its financial policy, betting on diversifying its assets and attracting innovation to the country.