El Salvador buys an additional 1098 BTC in the past week… total holdings exceed 7474 BTC
Suehyeon Lee
Summary
- The government of El Salvador reportedly purchased an additional 1098.19 Bitcoin (BTC) in the past week.
- This purchase brings El Salvador's total Bitcoin holdings to 7474.37 BTC, about $685 million.
- El Salvador said it continues to accumulate during the market correction phase, maintaining its buying strategy.
The government of El Salvador has reportedly purchased over 1,000 Bitcoin (BTC) in the past week.
On the 18th (local time), according to U.Blockchain, El Salvador's cumulative purchases over the past week amounted to 1098.19 BTC, and for the month totaled 1121.19 BTC.
As a result, El Salvador's total Bitcoin holdings reached 7474.37 BTC, approximately $685 million. El Salvador has continued its purchasing strategy since adopting Bitcoin as legal tender in 2021, and has maintained its pace of purchases even during the recent market correction.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"](https://media.bloomingbit.io/PROD/news/ddf35c9e-c582-4b4d-95b6-0c5b1673198d.webp?w=250)
