El Salvador is maintaining its Bitcoin accumulation strategy amid the market dip. The Central American nation added 1091 BTC on Tuesday, worth nearly $100 million, per Bitcoin Office data. Salvadoran President Nayib Bukele posted a screenshot on X showing the government’s Bitcoin treasury holdings. El Salvador has purchased 1098.19 BTC over the past 7 days, increasing its total holdings to 7474.37 BTC, worth $688 million. Despite the current market fluctuations, the government continues to increase its bitcoin holdings by 1 BTC per day. The nation, one of the early Bitcoin adopters, has been consistently buying BTC daily, after the Salvadoran President Nayib Bukele announced the move in November 2022. Sovereign Nations Buying the Bitcoin Dip El Salvador’s calculated Bitcoin buying approach, even during market downturns, reflects a long-term strategy aimed at enhancing its digital reserves. André Dragosch, financial analyst and European Head of Research at Bitwise, shared that sovereign nation states are buying the dip, signalling a potential shift in global financial strategies. Stacy Herbert, director of El Salvador’s Bitcoin Office, calls Bitcoin “freedom, transparency, and individual empowerment.” “Bitcoin is the opposite of government control,” she wrote on X. “President Bukele has embraced it as a legal tender not to consolidate power, but to distribute it.” Recently, the Czech National Bank (CNB) revealed its first direct exposure to digital assets, purchasing Bitcoin and other crypto worth $1 million. BTC Prices Slump Further – Is This the Right Time to Buy? The Tuesday Asian markets opened with Bitcoin plunging below $90,000. The largest crypto by market cap fell 4.91% to $90,708 in the past 24 hours, driven by panic selling. At the time of writing, Bitcoin is trading at $90,268, per CoinMarketCap data. Short-term holders (addresses holding BTC for less than 3 months), panic-sold 148K BTC at a loss, the largest such event since April 2025. Per Cryptonews analysis, the pattern mirrors past market tops, suggesting sellers may not be finished yet. While El Salvador’s $100M purchase provided a brief respite, it was overshadowed by systemic de-risking. The market now tests if long-term holders will absorb the supply at discounted pricesEl Salvador is maintaining its Bitcoin accumulation strategy amid the market dip. The Central American nation added 1091 BTC on Tuesday, worth nearly $100 million, per Bitcoin Office data. Salvadoran President Nayib Bukele posted a screenshot on X showing the government’s Bitcoin treasury holdings. El Salvador has purchased 1098.19 BTC over the past 7 days, increasing its total holdings to 7474.37 BTC, worth $688 million. Despite the current market fluctuations, the government continues to increase its bitcoin holdings by 1 BTC per day. The nation, one of the early Bitcoin adopters, has been consistently buying BTC daily, after the Salvadoran President Nayib Bukele announced the move in November 2022. Sovereign Nations Buying the Bitcoin Dip El Salvador’s calculated Bitcoin buying approach, even during market downturns, reflects a long-term strategy aimed at enhancing its digital reserves. André Dragosch, financial analyst and European Head of Research at Bitwise, shared that sovereign nation states are buying the dip, signalling a potential shift in global financial strategies. Stacy Herbert, director of El Salvador’s Bitcoin Office, calls Bitcoin “freedom, transparency, and individual empowerment.” “Bitcoin is the opposite of government control,” she wrote on X. “President Bukele has embraced it as a legal tender not to consolidate power, but to distribute it.” Recently, the Czech National Bank (CNB) revealed its first direct exposure to digital assets, purchasing Bitcoin and other crypto worth $1 million. BTC Prices Slump Further – Is This the Right Time to Buy? The Tuesday Asian markets opened with Bitcoin plunging below $90,000. The largest crypto by market cap fell 4.91% to $90,708 in the past 24 hours, driven by panic selling. At the time of writing, Bitcoin is trading at $90,268, per CoinMarketCap data. Short-term holders (addresses holding BTC for less than 3 months), panic-sold 148K BTC at a loss, the largest such event since April 2025. Per Cryptonews analysis, the pattern mirrors past market tops, suggesting sellers may not be finished yet. While El Salvador’s $100M purchase provided a brief respite, it was overshadowed by systemic de-risking. The market now tests if long-term holders will absorb the supply at discounted prices

El Salvador Buys the Dip, Accumulates 1,098 BTC in 7 Days

2025/11/18 12:44

El Salvador is maintaining its Bitcoin accumulation strategy amid the market dip. The Central American nation added 1091 BTC on Tuesday, worth nearly $100 million, per Bitcoin Office data.

Salvadoran President Nayib Bukele posted a screenshot on X showing the government’s Bitcoin treasury holdings. El Salvador has purchased 1098.19 BTC over the past 7 days, increasing its total holdings to 7474.37 BTC, worth $688 million.

Despite the current market fluctuations, the government continues to increase its bitcoin holdings by 1 BTC per day. The nation, one of the early Bitcoin adopters, has been consistently buying BTC daily, after the Salvadoran President Nayib Bukele announced the move in November 2022.

Sovereign Nations Buying the Bitcoin Dip

El Salvador’s calculated Bitcoin buying approach, even during market downturns, reflects a long-term strategy aimed at enhancing its digital reserves.

André Dragosch, financial analyst and European Head of Research at Bitwise, shared that sovereign nation states are buying the dip, signalling a potential shift in global financial strategies.

Stacy Herbert, director of El Salvador’s Bitcoin Office, calls Bitcoin “freedom, transparency, and individual empowerment.”

“Bitcoin is the opposite of government control,” she wrote on X. “President Bukele has embraced it as a legal tender not to consolidate power, but to distribute it.”

Recently, the Czech National Bank (CNB) revealed its first direct exposure to digital assets, purchasing Bitcoin and other crypto worth $1 million.

BTC Prices Slump Further – Is This the Right Time to Buy?

The Tuesday Asian markets opened with Bitcoin plunging below $90,000. The largest crypto by market cap fell 4.91% to $90,708 in the past 24 hours, driven by panic selling.

At the time of writing, Bitcoin is trading at $90,268, per CoinMarketCap data.

Short-term holders (addresses holding BTC for less than 3 months), panic-sold 148K BTC at a loss, the largest such event since April 2025. Per Cryptonews analysis, the pattern mirrors past market tops, suggesting sellers may not be finished yet.

While El Salvador’s $100M purchase provided a brief respite, it was overshadowed by systemic de-risking. The market now tests if long-term holders will absorb the supply at discounted prices.

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The post Mt. Gox moves $936M in Bitcoin after eight-month dormancy appeared on BitcoinEthereumNews.com. Key Takeaways Mt. Gox moved $936 million in Bitcoin after eight months of inactivity. The movement relates to the exchange’s ongoing court-supervised creditor repayment process. Mt. Gox, the defunct crypto exchange, moved $936 million worth of Bitcoin today after remaining dormant for eight months. The transfer involved shifting Bitcoin to a new wallet address, marking the first significant activity from the exchange’s holdings since March. The movement comes as Mt. Gox continues its court-supervised creditor repayment process. The rehabilitation trustee has extended the deadline for creditor reimbursements to allow more time for managing Bitcoin distributions. Mt. Gox has been gradually shifting Bitcoin to new addresses as part of its ongoing efforts to repay creditors. The exchange collapsed in 2014 following a massive hack that resulted in the loss of around 850,000 Bitcoin. The latest wallet activity suggests preparations may be underway for additional creditor payments, though the exchange has not disclosed specific timelines for distributions. Mt. Gox began returning funds to creditors in 2024 after years of legal proceedings. This is a developing story. Source: https://cryptobriefing.com/mt-gox-moves-936m-in-bitcoin-after-eight-month-dormancy/
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BitcoinEthereumNews2025/11/18 12:58