El Salvador has increased its national Bitcoin reserves by eight coins over the last week, raising its total holdings to 6,277.18 BTC. Valued at roughly $727 million, this addition continues President Nayib Bukele’s long-term strategy of gradually accumulating Bitcoin since the country made it legal tender in September 2021.
The recent purchase appears to be timed to capitalize on Bitcoin’s price stabilizing around the $115,000 mark. Despite criticism from international financial bodies about the risks of this strategy, El Salvador’s steady accumulation has made it one of the most Bitcoin-exposed nations in the world, with its crypto assets now forming a notable part of its foreign reserves.
August 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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