El Salvador Adds 1,090 BTC to Its Reserves Amid Falling Prices and Rising IMF Scrutiny

El Salvador Boosts Bitcoin Reserves Amid Market Sell-Off

El Salvador has added nearly $100 million to its national bitcoin treasury as BTC trades below $90,000.

The country is reinforcing its bitcoin strategy during one of the year’s steepest sell-offs, acquiring over 1,000 BTC and bringing its total holdings to roughly 7,500 BTC. This accumulation follows the government’s ongoing policy of purchasing one BTC per day, a practice maintained despite International Monetary Fund guidance discouraging further public sector bitcoin purchases. El Salvador has affirmed that its buying program will continue.

The latest purchase comes amid closer engagement with U.S. authorities on digital asset oversight, including a June meeting between President Nayib Bukele and White House crypto adviser Bo Hines.

Bitcoin prices fell below $90,000 during Asian trading hours, extending recent losses as risk sentiment weakened across global markets.

  • Related Posts

    Binance expands its platform with a prediction market offering for millions of users.

    Binance has added a prediction markets feature to its Binance Wallet, enabling users to trade on real-world event outcomes directly within the app. The integration links Binance Wallet to Predict.fun,…

    Continue reading
    Bhutan has reportedly divested 70% of its Bitcoin over the past 18 months and may have paused or ended BTC mining.

    Bhutan is steadily exiting one of the most closely watched sovereign bitcoin strategies, continuing a measured reduction in its holdings. The kingdom’s reserves have declined from roughly 13,000 BTC in…

    Continue reading