Key Takeaways:
- El Salvador added to its Bitcoin reserve as BTC slid to $65,700.
- The nation's strategic reserve now holds roughly 7,600 BTC worth $510M.
- Purchases continued despite IMF pressure under a $1.4B financing deal.
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El Salvador buys Bitcoin dip as reserve nears 7,600 BTC worth $510M
El Salvador bought bitcoin as the price slid to $65,700, adding to a strategic reserve that now holds roughly 7,600 BTC worth more than $510 million.
The Central American nation has maintained a policy of acquiring close to one bitcoin per day regardless of price swings, with President Nayib Bukele treating market weakness as an invitation to add to the national stack, according to public statements cited by Bitcoin.com News.
Between January and April, authorities added more than 1,600 coins, bringing the total to roughly 7,600 BTC. The accumulation has continued despite pressure from the International Monetary Fund, which extended a $1.4 billion financing deal to El Salvador under conditions that made accepting bitcoin optional rather than mandatory for businesses.
The reserve has left El Salvador sitting on a substantial unrealized gain after the rallies of 2024 and 2025, though critics argue concentrating public funds in a volatile asset exposes a small, dollarized economy to outsized risk. If bitcoin extends its slide, Bukele's stated playbook calls for more buying, deepening a position that has made the country a reference point for other governments weighing whether to hold bitcoin on their balance sheets.
Crypto-linked remittances reached $17.38 million in the first quarter of 2026, rising nearly 50 percent from a year earlier, though they still account for well under 1 percent of the country's total remittance flows. The IMF has at times suggested El Salvador is merely shuffling existing coins between wallets rather than buying new ones, a characterization the Bukele administration disputes.
Estimates of the reserve vary slightly by reporting date, ranging from about 7,474 BTC to 7,667 BTC across early June, reflecting the steady drip of new purchases rather than any single large buy. The mix of daily buys, dip purchases, and opaque accounting makes the exact figure difficult to pin down, but the trend line has pointed steadily upward.
This article is for informational purposes only and does not constitute investment advice.
