El Salvador Deploys $100M, Buys 1,090 BTC at Once

Amid the crypto market plunge, El Salvador has demonstrated unwavering confidence in the world’s leading cryptocurrency, bitcoin (BTC). A recent social media post by Nayib Bukele, the President of El Salvador, indicates that the government has been actively involved in the cryptocurrency market, spending $100 million to acquire 1,090 BTC in one day, at a time when many individuals and institutions have withdrawn from the crypto market due to volatility.

Notably, El Salvador has long adopted a policy of purchasing 1 BTC each day. However, as the apex coin dipped below six figures and continued its downward trend, the country swept the pattern under the rug. It has opted to go all-in for BTC to boost its stash massively. 

Massive $100M BTC Buy

Remarkably, this marks El Salvador’s biggest bitcoin purchase in history, following the 200 and 400 BTC it acquired during the first week of its bitcoin treasury adoption in 2021.

Concluding this significant purchase of 1,090 bitcoin, El Salvador boasts 1,098 BTC in addition to its stash, within the past seven days. Overall, it now holds 7,474.37 bitcoin. At the time of writing, BTC trades around the $91,000 mark. As such, the government’s portfolio is worth approximately $680 million.

The last time El Salvador purchased more than 1 BTC in a day was on September 7, when it acquired 21 units of the leading crypto, to celebrate four years of adopting BTC as a primary reserve asset.

El Salvador Enjoys Profits Despite Dip

Since El Salvador began acquiring bitcoin in 2021, its average purchase price has still hovered around the $50,000 mark. With BTC trading around the $91,000 mark, the country enjoys between 80% to 100% in unrealized profit from its bitcoin holdings.

In addition to holding BTC, El Salvador’s government is promoting bitcoin education in the country. According to the Bitcoin Office, it is set to establish a new Bitcoin Diploma Program starting in January 2026.

Meanwhile, a few other large holders have also hit the market with massive bitcoin purchases amid the downtrend. One of these is the U.S.-based business intelligence firm, Strategy. It splashed over $800 million into the crypto market over the last business week, scooping up 8,178 BTC to boost its reserve.