Bitcoin slips 6% and El Salvador keeps stacking, now holds 7,827 BTC
Bitcoin dumped 6%, and El Salvador answered by buying more. The country's treasury now sits at 7,827 BTC, worth roughly $588.7M, per Cointelegraph. It's the kind of dip-buying that makes other governments look timid.
Bitcoin took a 6% hit, and El Salvador shrugged it off and bought more. The country's stack now stands at 7,827 BTC, worth about $588.7M, according to Cointelegraph. No panic, no pause, just more sats.
The drop was sharp enough to rattle plenty of traders. El Salvador treated it as a sale. Cointelegraph flagged the move as huge, pointing out the buying continued straight through the red candles.
That brings the national stash to 7,827 BTC, a position valued at roughly $588.7M at current prices. The size of the pile means its dollar value swings hard whenever Bitcoin moves, and Bitcoin just moved.
Cointelegraph also threw down a challenge to readers: would your government have the guts? It's a fair question, since few countries have been willing to hold Bitcoin on the balance sheet at all, let alone add while the chart bleeds.
For now, El Salvador's approach looks unchanged: dips get bought. The next test is whether that conviction holds if the pullback deepens, or whether this latest buy is just another line in a running tally.
TopicsEl Salvador · Bitcoin · BTC · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.

