Overview
- President Nayib Bukele shared a Bitcoin Office dashboard showing 1,098 BTC bought over the past week, including 1,090 BTC acquired within 24 hours.
- DropsTab reports national holdings at 7,437.37 BTC, valued near $672.85 million, with an unrealized gain of about $264.63 million.
- The purchases coincided with a sharp pullback in bitcoin, which dipped below $90,000; Benzinga cited a price near $90,469, down roughly 4.9% on the day.
- The activity comes despite a $1.4 billion IMF arrangement that asked El Salvador’s public sector to halt bitcoin buying, raising questions about policy compliance.
- Government accumulation contrasts with limited everyday use of bitcoin in the country, where the U.S. dollar remains the dominant currency.