El Salvador has moved again. The central bank has added purchases of gold worth $50 million, and President Bukele is, as usual, still buying Bitcoin. Since he’s buying at a pace of 1 coin per day, it seems he’s already over 7,500 coins.



Gold reserves are over 67,000 troy ounces, worth approximately $360 million. Meanwhile, Bitcoin, calculated at its current price, is worth over $600 million. As a national-asset portfolio, that’s quite aggressive, right? Bukele also said he “bought at the bottom,” but it’s still ambiguous whether he meant both gold and Bitcoin or just one of them, lol.

With this pace, El Salvador’s Bitcoin holdings will likely keep increasing further. A BTC accumulation strategy at the scale of a whole country is also quite rare. Will other countries follow suit?
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