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El Salvador buys one more bitcoin, office says
ByAinvest
Monday, May 26, 2025 3:21 pm ET1min read
El Salvador buys one more bitcoin, office says
El Salvador has continued its systematic Bitcoin accumulation, adding 26 BTC in one month through a daily purchase strategy [1]. The country's total Bitcoin holdings have increased from approximately 6,160 BTC to 6,186 BTC, reinforcing its commitment to a dollar-cost averaging (DCA) method. This approach signals El Salvador's long-term confidence in Bitcoin's value proposition and its strategic reserve program.The recent purchase of 1 BTC on May 23, 2025, at 11:32 AM, added to the country's holdings, pushing the balance to 6,186.18355680 BTC. This consistent buying strategy, verified by bitcoin.gob.sv, showcases high-level confidence in Bitcoin's long-term potential and transparency through visible blockchain activity [1].
Market price action also paints a bullish picture. Bitcoin has rebounded from a March-April correction and surged past $120K, driven by strong volume and bullish momentum. The breakout above $106K signals renewed investor confidence and opens the door for potential gains toward the $125K level [1].
El Salvador's Bitcoin holdings have also been boosted by a reduction in North Korea's Bitcoin reserves. North Korea's cybercriminal network, Lazarus Group, liquidated approximately 1,938 BTC, shedding more than $212 million in value. This reduction has moved El Salvador into the fourth-largest sovereign Bitcoin holder, overtaking North Korea [2].
El Salvador's strategic Bitcoin accumulation and the market's bullish momentum suggest potential gains in the near future. The country's commitment to a long-term Bitcoin strategy and the market's strong upward momentum shape near-term expectations.
References:
[1] https://cryptofrontnews.com/el-salvador-expands-bitcoin-reserves-as-market-eyes-125k/
[2] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=el-salvador-overtakes-north-korea-in-bitcoin-holdings-after-lazarus-groups-reduction
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