The post El Salvador Increases Bitcoin Holdings with $100 Million Purchase appeared on BitcoinEthereumNews.com. Key Points: El Salvador buys 1,090 BTC, increasing national reserves to 7,474 BTC. Purchase worth approximately $100 million amid market uncertainty. Price data indicates market volatility continues post-acquisition. The Salvadoran government, led by President Nayib Bukele, recently acquired 1,090 BTC, elevating national holdings to approximately 7,474 BTC, valued at $687 million, according to bitcoin.gob.sv. This acquisition strengthens El Salvador’s Bitcoin-centric economic strategy, reflecting continued government support, though immediate market impacts are limited, echoing past sovereign purchases. El Salvador Bolsters Crypto Holdings Amid Market Fluctuations On November 18, the Salvadoran Ministry of Finance confirmed via bitcoin.gob.sv the purchase of 1,090 BTC, underlining El Salvador’s strategy to strengthen its position in the cryptocurrency market. The government’s BTC reserves now total 7,474 BTC, equivalent to approximately $687 million. The country allocated $100 million in government funds for this acquisition. As President Bukele has remarked, “We are confident in our decision to continue accumulating Bitcoin during market downturns. This is an investment in our future and the future of our nation.” Market observers have noted the absence of direct comments from President Bukele this time, deviating from his usual practice of announcing such purchases on social media. The lack of statements has not fetched much short-term praise or dissent, focusing instead on how the increased reserves may affect national finances. $100 Million Invested as Bitcoin Hits $91K Did you know? Bitcoin’s adoption as legal tender by El Salvador in 2021 marked a global first, setting a precedent for sovereign Bitcoin investment during periods of market volatility. Bitcoin (BTC) currently trades at $91,037.21 with a market cap of $1.82 trillion, facing a 4.84% downturn over 24 hours, as per CoinMarketCap. BTC’s dominance stands at 58.42% with a reported 24-hour trading volume of $115.53 billion. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:37 UTC on November… The post El Salvador Increases Bitcoin Holdings with $100 Million Purchase appeared on BitcoinEthereumNews.com. Key Points: El Salvador buys 1,090 BTC, increasing national reserves to 7,474 BTC. Purchase worth approximately $100 million amid market uncertainty. Price data indicates market volatility continues post-acquisition. The Salvadoran government, led by President Nayib Bukele, recently acquired 1,090 BTC, elevating national holdings to approximately 7,474 BTC, valued at $687 million, according to bitcoin.gob.sv. This acquisition strengthens El Salvador’s Bitcoin-centric economic strategy, reflecting continued government support, though immediate market impacts are limited, echoing past sovereign purchases. El Salvador Bolsters Crypto Holdings Amid Market Fluctuations On November 18, the Salvadoran Ministry of Finance confirmed via bitcoin.gob.sv the purchase of 1,090 BTC, underlining El Salvador’s strategy to strengthen its position in the cryptocurrency market. The government’s BTC reserves now total 7,474 BTC, equivalent to approximately $687 million. The country allocated $100 million in government funds for this acquisition. As President Bukele has remarked, “We are confident in our decision to continue accumulating Bitcoin during market downturns. This is an investment in our future and the future of our nation.” Market observers have noted the absence of direct comments from President Bukele this time, deviating from his usual practice of announcing such purchases on social media. The lack of statements has not fetched much short-term praise or dissent, focusing instead on how the increased reserves may affect national finances. $100 Million Invested as Bitcoin Hits $91K Did you know? Bitcoin’s adoption as legal tender by El Salvador in 2021 marked a global first, setting a precedent for sovereign Bitcoin investment during periods of market volatility. Bitcoin (BTC) currently trades at $91,037.21 with a market cap of $1.82 trillion, facing a 4.84% downturn over 24 hours, as per CoinMarketCap. BTC’s dominance stands at 58.42% with a reported 24-hour trading volume of $115.53 billion. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 08:37 UTC on November…