El Salvador’s Bitcoin Reserves Climb to 6,258 BTC
El Salvador’s Bitcoin reserves have risen by 8 BTC this week, bringing total Bitcoin reserves to 6,258.18 BTC (approx. $715 million). This marks continued weekly accumulation since the country legalized Bitcoin as legal tender in 2021. Government statements highlight the strategy’s focus on asset diversification, financial inclusion, lower remittance costs and attracting global crypto investment. As one of the largest country-level BTC holders, El Salvador’s steady purchases signal sustained confidence in crypto adoption. Traders should note this transparent build-up could support market sentiment and inspire other nations to explore sovereign crypto reserves, potentially stabilizing price volatility.
Bullish
El Salvador’s continued weekly purchases of Bitcoin underscore growing sovereign and institutional support for BTC. Although the incremental 8 BTC is modest, the transparent, regular accumulation creates a de facto price floor by reducing available supply. In the short term, these buys can help stabilize price swings by offsetting sell-side pressure. Over the long term, sustained government hoarding enhances market confidence, attracts further institutional interest and encourages wider adoption, reinforcing a bullish outlook for Bitcoin.