The central bank of El Salvador, a small nation embracing Bitcoin, announced the acquisition of fifty million dollars worth of gold, as stated in a post on X.
This purchase, totaling nine thousand two hundred ninety-eight troy ounces, raises the country’s total gold holdings to sixty-seven thousand four hundred three ounces, valued at approximately three hundred sixty million dollars at current prices.
President Nayib Bukele shared the announcement, stating, "We just bought the other dip." It remains unclear whether Bukele was praising the gold purchase or humorously referring to the government's own Bitcoin acquisition. Arkham data indicated that the country added one Bitcoin to its holdings on Thursday, aligning with Bukele's ongoing commitment to acquire one Bitcoin daily.
According to Arkham, the nation’s stockpile now stands at seven thousand five hundred forty-seven Bitcoins worth six hundred thirty-five million dollars at Bitcoin's currently depressed price just above eighty-four thousand dollars.