El Salvador adds to its Bitcoin treasury at $108K, showing long-term confidence with total holdings surpassing 6,187 BTC.
Strategic BTC accumulation boosts El Salvador’s portfolio by $3.4M in 30 days, maintaining focus on a single-asset approach.
Bitcoin remains resilient above $108K amid weekend consolidation, holding within a tight range and supported by steady volume activity.
According to Simply Bitcoin, El Salvador continues its aggressive Bitcoin strategy, acquiring more BTC even as prices hover near all-time highs. The government’s latest purchase added 1 BTC to its growing treasury, raising total holdings to 6,187.18 BTC. The total value of the stash now stands at over $674 million. This purchase, made on May 24, coincides with Bitcoin’s steady performance near $108,740.88. The move signals long-term conviction in Bitcoin despite short-term market consolidation.
Strategic Accumulation Supports Portfolio Growth
Moreover, data shows El Salvador’s treasury added 8 BTC in the past seven days and 31 BTC in the past 30. These additions translate into nearly $3.4 million in value. Hence, the accumulation pace appears steady and strategic. The balance chart shows consistent upward movement since late April, when holdings were closer to 6.16k BTC. Significantly, the latest increase to 6.19k BTC highlights disciplined buying even in a rising market.
Additionally, all purchases remain exclusively in Bitcoin. There’s no exposure to other cryptocurrencies, confirming a focused single-asset strategy. This clarity in allocation supports higher transparency. It also reflects El Salvador’s commitment to positioning BTC as a national treasury asset. The public can verify all transactions via the bitcoin.gob.sv platform.
BTC Holds Strong Despite Market Choppiness
Meanwhile, Bitcoin continues to trade steadily after weathering recent volatility. It currently sits at $108,740.88, showing minor gains of 0.13%. Price opened the day at $108,594.76 and tested a high of $108,768.18. The low came in at $108,594.62, pointing to tight trading ranges. Consequently, the market reflects strength even in low-volume weekend conditions.
Source: Daan Crypto Trades
However, price action shows clear zones of activity. The red zone around CME Close showed sharp declines, followed by quick recoveries. In contrast, the green zone reflected bullish momentum that pushed BTC near the $109,250 resistance. A dotted line at $108,241 acts as a key support level. For now, Bitcoin remains above this point, which keeps short-term sentiment positive.
Besides, volume indicators confirm consistent participation across sessions. BTC trades within a well-defined range between $106,500 and $109,250. The upper-end positioning offers room for potential breakout. As long as BTC stays above $104K, downside risk appears limited.
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