$BTC
Yes, that aligns with recent reports. According to PANews and confirmed by Binance News, El Salvador added 8 BTC to its national reserves over the past week, resulting in a total holding of 6,207.18 BTC, valued at about USD 652 million bitget.com+7binance.com+7coinlive.com+7.
Additional sources echo this update:
Coinlive also reports the figure of 6,207.18 BTC (~USD 652 M) following an 8 BTC increase .
The Economic Times live blog confirms the same total and value reddit.com+4m.economictimes.com+4bitget.com+4.
Interestingly, some sources note slight variations—Bitget reported a total of 6,200.18 BTC, also valued at around USD 652 million cointime.ai+6bitget.com+6reddit.com+6—but the consensus remains close.
🔍 Quick Overview
MetricValueWeekly Increase+8 BTCTotal Reserves≈ 6,207 BTCApprox. USD ValueUSD 652 million
💡 Context & Implications
Bitcoin Price Impact: With BTC currently trading in the $100K–110K range, these incremental purchases reflect a deliberate strategy to accumulate during dips. reddit.com+3m.economictimes.com+3coinlive.com+3en.cryptonomist.ch
Strategic Reserve Policy: Since adopting Bitcoin as legal tender in 2021, El Salvador continues to follow a steady accumulation policy—about 1 BTC per day as disclosed in May cointime.ai+3en.cryptonomist.ch+3coinlive.com+3.
Unrealized Gains: Its total reserve is reported to hold hundreds of millions in unrealized gains, showcasing how these holdings have appreciated since buying at lower prices. en.cryptonomist.ch+1reddit.com+1
Is El Salvador Still Buying?
Yes–reports from May indicate the government continues to acquire roughly 1 BTC daily, maintaining its long-term accumulation approach en.cryptonomist.ch+1cointime.ai+1. Lower BTC prices around $100K have been prime buying opportunities.