- El salvador purchased roughly $50 million worth of Gold as its price corrected, marking its second acquisition since 1990.
- The country’s central bank continues to buy one Bitcoin daily, maintaining its cryptocurrency strategy alongside gold diversification.
- Bitcoin’s price fell to around $81,000, its lowest level since November, while gold dropped from a record high above $5,500.
As Bitcoin plunged to its lowest price since November, President Nayib Bukele revealed El Salvador had strategically bought gold during the dip.
In a post on X, Bukele detailed the Central Reserve Bank’s purchase of 9,298 troy ounces worth approximately $50 million on international markets.
This acquisition aligns with the bank’s plan, as stated on X, to expand national reserves with both gold and Bitcoin.
It represents the country’s second gold purchase since 1990, following an IMF-mandated acquisition in September 2025.
Consequently, the move acts as a hedge for the pro-Bitcoin nation amidst market volatility.
Gold’s price had fallen about 3.4% to around $5,100 per ounce after reaching a record high above $5,500.
The precious metal’s price correction occurred as Bitcoin dropped over 6%, briefly hitting $81,000 before recovering to around $82,700.
Meanwhile, sentiment on trading platforms grew bearish for Bitcoin despite increased chatter.
Data from Arkham shows El Salvador remains committed to its daily Bitcoin purchase, adding one coin on Thursday.
The nation’s Bitcoin holdings total roughly 7,547 BTC, valued at approximately $620 million.
In the past, Bukele has joked about mining El Salvador’s gold reserves to mock the metal’s scarcity.
However, the recent purchase demonstrates a pragmatic diversification of its asset portfolio.
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