El Salvador Buys 1,100 BTC as Price Slides Below $90k

Key Notes El Salvador bought ≈1, 090 BTC during a major market dip. Its reserves rose to ~7, 500 BTC thanks to its largest single-day purchase so far. The move follows Bukele’s ongoing “1 BTC per day” accumulation policy. El Salvador expanded its national Bitcoin BTC $90 628 24h volatility: 5. 2% Market cap: $1. 81 T Vol. 24h: $115. 76 B stash by just over a thousand coins this week, stepping up accumulation during one of the sharpest sell-offs of 2025. So far, it’s the largest single-day purchase made by the pro-Bitcoin country. The country’s Bitcoin Office data indicate a purchase of ≈1, 090 BTC (~$100M), lifting total holdings to roughly 7, 470-7, 500 BTC. The fresh buy aligns with President Nayib Bukele’s “1 BTC per day” dollar-cost-averaging policy first announced in November 2022-a program the administration has reiterated it will keep running. Bitcoin Price Drops Below $90K the First Time in 7 Months The timing was opportunistic: Bitcoin briefly fell below $90, 000 on Nov. 17 and 18, its first dip under that level in months amid risk-off trading across global markets.  Spot-ETF outflows have accelerated since the beginning of the week, and the Fear & Greed Index on CoinMarketCap slid to “extreme fear.” El Salvador’s Stance on Bitcoin Regulatory backdrop remains nuanced. Under its $1. 4B IMF program agreed in 2025, El Salvador pledged to curb broader public-sector Bitcoin exposure. Yet, the IMF later said recent increases in the Strategic Bitcoin Reserve were consistent with the program’s terms, highlighting how the reserve is structured within those constraints.  Bukele has also courted international counterparts on digital-asset policy: in June 2025, he met U. S. political adviser Bo Hines to discuss Bitcoin strategy, part of ongoing outreach on cross-border crypto rules. Last year, Reuters reported that 474 BTC have been mined since 2021 using geothermal power, underscoring a multi-pronged approach (purchases + domestic production). next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
https://bitcoinethereumnews.com/bitcoin/el-salvador-buys-1100-btc-as-price-slides-below-90k/

Leave a Reply

Your email address will not be published. Required fields are marked *