El Salvador adds 20 BTC to its reserves in a single week

El Salvador continued its accelerated Bitcoin purchase frenzy, having accumulated more than 20 BTC in the last seven days.

According to data From the country’s Bitcoin office, 12 BTC was added to its hiding place on February 4 on two separate purchases. First, he acquired 11 BTC for around $ 1.1 million at an average price of $ 101,816 per BTC and then bought 1 BTC for $ 99,114 a few hours later.

With these latest purchases, Total Bitcoin Holdings of El Salvador is now 6,068 BTC, worth more than $ 592 million during writing. The country regularly stacked SATS and added 60 BTC in the last month.

El Salvador accumulated the BTC while it was struggling to go up over $ 100,000, following the quench of the recent price shock of President Trump. Bitcoin dropped to a hollow of $ 98,361 on February 4, according to Coigecko data.

Previously, El Salvador picked up 11 BTC on January 9 and repeated the move on January 20.

El Salvador initially began to accumulate the BTC as part of its “1 bitcoin per day” program which was introduced in 2022 after President Nayib Bukele made history by officially recognizing Bellwether crypto as a call for Offers.

However, he has deviated From this model and adopted a more aggressive accumulation strategy, picking up larger pieces of bitcoin at a faster rate. Stacy Herbert mentioned this new approach for the first time on December 19, just over a week after the country had negotiated a $ 1.4 billion loan with the International Monetary Fund.

The agreement came with conditions to reduce some of its Bitcoin -related policies. El Salvador has already accepted Bitcoin optional and accepted turn off The Chivo portfolio supported by the State as part of the agreement.

Elsewhere, other nations are inspired by the Bitcoin strategy of El Salvador, some exploring the idea of ​​building their own reserves. THE UNITED STATES is the most important of them, while countries like BrazilTHE Czech RepublicAnd PolandAmong others, also considered it.