El Salvador is sticking to its plan of buying more Bitcoin even though the prices are down. The Central American country bought 1,091 Bitcoin on Tuesday, which is almost $100 million, according to data from the Bitcoin Office.
Salvadoran President Nayib Bukele shared a screenshot on X that shows how much Bitcoin the government has. El Salvador bought 1,098. 19 BTC in the last week, bringing its total amount to 7,474. 37 BTC, which is worth $688 million.
Even with the ups and downs in the market, the government keeps buying 1 Bitcoin every day. The country, one of the first to use Bitcoin, has been buying Bitcoin every day since its president, Nayib Bukele, made the announcement in November 2022.
Countries are buying Bitcoin when its price is low.
El Salvador’s careful way of buying Bitcoin, even when prices drop, shows that they have a long-term plan to build up their digital savings.
André Dragosch, a financial expert and head researcher at Bitwise in Europe, said that countries are taking advantage of lower prices, which may indicate a change in how countries handle their finances.
Stacy Herbert, the head of El Salvador’s Bitcoin Office, describes Bitcoin as “freedom, openness, and helping individuals. ”
“Bitcoin is not controlled by the government,” she wrote on X. “President Bukele has accepted it as money not to gain more power, but to share it. ”
Recently, the Czech National Bank (CNB) announced that it has invested $1 million in digital assets, including Bitcoin and other cryptocurrencies.
BTC Prices Drop More – Is Now a Good Time to Buy.
On Tuesday, the Asian markets opened with Bitcoin dropping below $90,000. The biggest cryptocurrency by market value dropped 4. 91% to $90,708 in the last 24 hours because people were selling off in a panic.
Right now, Bitcoin is priced at $90,268, according to CoinMarketCap.
People who held Bitcoin for less than 3 months quickly sold 148,000 BTC at a loss. This was the biggest sale like this since April 2025. According to Cryptonews, the trend looks like previous market highs, which means that sellers might still have more to do.
El Salvador’s purchase of $100 million gave a short break, but it was mostly forgotten because of ongoing efforts to reduce risk. The market is now checking if people who own stocks for a long time will buy more when prices are lower.
