The post El Salvador adds $100M in bitcoin as BTC reserve grows appeared on BitcoinEthereumNews.com.

El Salvador spent approximately $100 million to purchase 1,098 Bitcoin (BTC) this past week, despite the market decline. The country’s Bitcoin office reports that it now holds 7,474 Bitcoin (approximately $688 million) in reserve. Based on the latest publicly available data, the Central American nation’s BTC accumulation continues — but at a much slower, incremental pace. El Salvador buys Bitcoin every day to grow its reserves President Nayib Bukele posted a screenshot on X that showed the amount of Bitcoin his government purchased over the past week and wrote “Hooah!” to celebrate the buy. Bukele wants the world to see that the country will grow its reserve by holding BTC for the long term, rather than chasing quick profits from sudden price swings. El Salvador has been adding one token to its reserve every day to capitalize on price dips and reduce the average cost of its Bitcoin over time. The government believes in the long-term value of digital assets and aims to establish a robust financial foundation for its future using BTC. The director of El Salvador’s Bitcoin Office, Stacy Herbert, stated that the government is purchasing Bitcoin daily to provide individuals with greater control over their finances, thereby reducing their reliance on traditional banking institutions. Most Salvadorians use the U.S. dollar for daily shopping and payments, so the government wants its people to stop relying on the currency and learn about how to use Bitcoin. El Salvador was the first country worldwide to make Bitcoin a legal tender in 2021, but adoption has been really slow because most people still prefer using the dollar. The International Monetary Fund even warned the country about the risks of holding large amounts of Bitcoin. Still, the government continued to buy BTC daily, as it believed in its future in the financial…

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Filed under: News - @ November 18, 2025 7:29 am