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Reading: El Salvador bought almost 300 kilos of gold. What happened to bitcoin?
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El Salvador bought almost 300 kilos of gold. What happened to bitcoin?

January 31, 2026 3 Min Read
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El Salvador bought almost 300 kilos of gold. What happened to bitcoin?

El Salvador is increasing its nationwide treasury by means of asset diversification that mixes conventional shelter with digital innovation. The Central Reserve Financial institution (BCR) reported the acquisition of 9,298 troy ounces of gold in worldwide markets. An operation valued at roughly USD 50 million.

The acquisition, made this January, is equal to virtually 300 kilograms of high quality gold (precisely 289.21 kg), primarily based on the usual conversion of 31.10 grams per troy ounce. The motion happens in a context of excessive volatility for the steel, which not too long ago surpassed the barrier of USD 5,000 per ounce.

The BCR operation represents the second buy of this kind made by the establishment since 1990. With this motion, whole holdings of the steel went from 58,105 to 67,403 troy ounces between September 2025 and January 2026.

In monetary phrases, The overall estimated worth of those gold reserves now stands at USD 360 million.

President Nayib Bukele commented on the operation by means of his social networks, declaring that The acquisition was made profiting from a decline in value (shopping for the dip).

The acquisition was made after gold reached an all-time excessive (ATH) of USD 5,596, fell to USD 4,950 and confirmed a restoration in the direction of the extent of USD 5,080 per ounce, as seen within the following graph:

CriptoNoticias reported this week that the valuable steel broke the USD 5,000 barrier and that such a rise would anticipate a “large bullish potential for bitcoin,” the product of a recurring sample within the financial system.

See also  Robinhood Crypto Revenue is expected to decline in the first quarter after being recorded in the second half of 2024: JPMorgan

The BCR of El Salvador emphasised that this technique seeks to guard the native financial system in opposition to structural modifications in worldwide markets. Gold at the moment represents about 20% of worldwide central financial institution reserves, rating because the second most vital reserve asset after the US greenback.

Bitcoin: pillar of the Salvadoran digital reserve

Regardless of the notable improve in gold holdings, the Salvadoran authorities has not diverted its consideration from bitcoin (BTC), crucial digital asset in the marketplace.

The nation maintains its coverage of each day acquisition of 1 bitcoin, consolidating a reserve that already reaches 7,547.37 items of the digital forex, in response to official information from the federal government portal.

The above exhibits that, though gold supplies conventional monetary stability, bitcoin continues to be the central axis of the financial coverage of the Central American nation.

Nevertheless, El Salvador exalts its long-term imaginative and prescient. And it does so by means of a hybrid reservation that combines the traditional essence of gold with the programmed shortage of Bitcoin. With this, the nation seeks to protect its financial system from world uncertainty and inflationary pressures from fiat currencies.

TAGGED:Bitcoin (BTC)Central BankEl SalvadorFinancegoldMarketRelevantReserve of Value
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Reading: El Salvador bought almost 300 kilos of gold. What happened to bitcoin?
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