Overview
- El Salvador’s central bank said it purchased 9,298 troy ounces of gold for $50 million, marking its second official gold buy since 1990.
- The transaction lifts the country’s gold holdings to 67,403 troy ounces, valued at roughly $360 million at current prices.
- On-chain data from Arkham showed the government added one bitcoin the same day, keeping to President Nayib Bukele’s daily-buy pledge for a total near 7,547 BTC.
- Bukele amplified the announcement on X with the line, “We just bought the other dip,” echoing the coordinated build in gold and bitcoin reserves.
- The bank cited prudence and long-term patrimony, noting a $13 million gain on its September 2025 gold purchase, as global central banks netted 863 tonnes of gold in 2025 and both gold and bitcoin fell sharply on Thursday.