El Salvador Expands Bitcoin Reserves as BTC Dips Below $90K
El Salvador has strengthened its national bitcoin treasury, purchasing more than 1,000 BTC—worth nearly $100 million—while prices fell below $90,000.
The country’s total holdings now reach approximately 7,500 BTC, following a one-BTC-per-day policy that continues despite IMF recommendations against further public sector bitcoin acquisitions. Officials have confirmed that the government’s buying program will persist.
The latest purchase aligns with ongoing engagement with U.S. authorities on digital asset oversight, including a June meeting between President Nayib Bukele and White House crypto adviser Bo Hines.
Bitcoin’s recent slide continued during Asian trading hours, reflecting broader weakness in global risk sentiment.
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