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El Salvador boosts Bitcoin reserves past 7,600 BTC despite price drop below $66,000

Market News
03 Jun 2026, 19:05 WIB
Cointribune
View Source
Bullish
El Salvador boosts Bitcoin reserves past 7,600 BTC despite price drop below $66,000

El Salvador continues to buy Bitcoin even as its price falls below $66,000, steadily increasing its reserves to nearly 7,600 BTC, worth over $510 million. This ongoing accumulation reflects a strategic choice by President Nayib Bukele to treat market dips as buying opportunities rather than warnings. Despite pressure from the IMF to soften Bitcoin's role in the economy, El Salvador maintains its commitment to Bitcoin as both a financial asset and a political symbol. The country's approach highlights risks due to Bitcoin's volatility but also positions El Salvador as a pioneering state in adopting cryptocurrency at a national level.

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