The central bank of El Salvador, the small bitcoin-friendly nation in Central America, added $50 million in gold to its reserves, the institution said Thursday in an X filing.
The purchase – 9,298 troy ounces – brings the country’s total gold reserves to 67,403 ounces, worth about $360 million at current prices
President Nayib Bukele echoed the announcement, writing: “We just bought the second dip.” Whether Bukele applauded the gold purchase or brazenly announced the government’s own bitcoin purchase was not clear. Arkham data showed the country added one bitcoin to its holdings on Thursday, in line with Bukele’s ongoing pledge that his government buys one bitcoin a day.
The country’s stack, according to Arkham, now stands at 7,547 bitcoin, worth $635 million at bitcoin’s currently depressed price of just over $84,000.
