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El Salvador increased its holdings by 1,091 Bitcoins today, bringing the total national holdings to over 7,474 coins.
On November 18, according to real-time data from the official website of the Ministry of Finance of El Salvador bitcoin.gob.sv, after completing the daily routine purchase of 1 Bitcoin in the early hours, the government followed up with a significant increase in holdings of 1,090 Bitcoins, with a total value of approximately 100 million USD based on the transaction price.
This strategic investment has increased El Salvador's national Bitcoin reserves to a total of 7474.37 coins. Based on current market prices, the total value of this batch of digital assets has surpassed 688 million USD, setting a new high for the country's holdings since Bitcoin was established as legal tender.
This increase in holdings demonstrates the Salvadoran government's firm confidence in the long-term value of Bitcoin. It is noteworthy that this single purchase, worth approximately $100 million, ranks among the largest in the country's Bitcoin accumulation history, indicating that its buy-the-dip strategy is accelerating.
Since becoming the first country in the world to make Bitcoin legal tender in September 2021, El Salvador has consistently adhered to the "regular and quantitative + buying on dips" asset allocation strategy, which has also brought considerable returns to the overall Bitcoin investments of its government.
President Nayib Bukele has repeatedly used social media to continuously disclose his Holdings dynamics. This move not only maintains policy transparency but also establishes a real-time feedback mechanism for observing national actors involved in the cryptocurrency sector for the global market.
Although this innovative asset allocation scheme still faces the test of market volatility, El Salvador undoubtedly provides a key practical example for countries exploring the strategic economic transformation needs of digital currency.
#萨尔瓦多 # Bitcoin