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El Salvador Makes $100 Million Bitcoin Buy as Price Slides Below $90,000

The record one-day purchase tests IMF loan conditions that seek to curb government bitcoin buying.

Overview

  • The government acquired about 1,090 BTC worth roughly $100 million in its largest single-day addition, according to the Bitcoin Office.
  • President Nayib Bukele shared a dashboard screenshot showing reported holdings rising to about 7,474 BTC.
  • The purchase was timed during a sharp selloff that pushed bitcoin below $90,000, with data showing heavy short‑term holder capitulation.
  • The IMF’s $1.4 billion program seeks limits on public‑sector purchases, and an IMF report said recent increases may reflect wallet consolidation, a claim Bukele’s team disputes after finance officials previously said no buys occurred since February.
  • Officials continue to promote a one‑BTC‑per‑day strategy launched in 2022, with roughly 1,098 BTC added over the past week.