The post El Salvador buys $100M in Bitcoin: Global governments quietly join the crypto race appeared com. Key Takeaways How much Bitcoin does El Salvador hold now? The country now holds 7, 474 BTC, valued at around $676 million. Why did the government buy more Bitcoin during a market drop? El Salvador follows a long-term accumulation strategy and often buys during dips to maximize future value. El Salvador has made headlines once again as it doubles down on its bold Bitcoin [BTC] strategy. The country, already the first in the world to adopt Bitcoin as legal tender in 2021, has now executed its largest single-day BTC purchase, acquiring more than $100 million worth of the asset. El Salvador’s new Bitcoin purchase According to the country’s Bitcoin Office, El Salvador purchased the massive batch at 6: 01 p. m. ET, bringing its total holdings to 7, 474 BTC valued at roughly $676 million. The latest buy included 1, 090 BTC, added as Bitcoin briefly dipped below $90,000, its lowest price since April. This opportunistic purchase aligns with the country’s long-term accumulation strategy, which has included buying 1 BTC daily since November 2022. True to its pattern of buying during price drops, El Salvador continues to expand its BTC reserves with the same conviction that has influenced other nations to explore their own crypto adoption paths. 39 at press time, marking a 4. 71% decline in the last day and more than 15% over the past month, according to CoinMarketCap. Yet despite the concerning price action, various nations are not shying away from Bitcoin. In fact, in a historic move, the Czech National Bank [CNB] recently.