El Salvador is expanding its national reserves beyond Bitcoin, as the country's central bank recently acquired a significant amount of gold. This move follows a period of aggressive Bitcoin (BTC) accumulation since the nation made the cryptocurrency legal tender in 2021.
President Nayib Bukele announced on X that the country was increasing its gold holdings. According to a press release from the Central Reserve Bank of El Salvador, the country purchased nearly 14,000 troy ounces of gold from international markets, raising its total gold reserves to over 58,000 troy ounces. This acquisition, which increases El Salvador's gold holdings by over 31%, is part of a strategy to diversify and strengthen its international reserves. The total value of the country's gold reserves is now estimated at $207.4 million.
This latest move comes as gold prices have reached record highs. The country also continues to hold a substantial Bitcoin treasury, currently valued at nearly $700 million, which it has been building since 2021. Despite some pressure from the International Monetary Fund (IMF), El Salvador's Economy Minister, Maria Luisa Hayem, stated that the country's policy of accumulating Bitcoin as a reserve asset will continue. She emphasized that Bitcoin remains an important project for both the government and the private sector.
September 2025, Cryptoniteuae