El Salvador’s Central Bank Bolsters Reserves with $50 Million Gold Purchase

John NadaBy John Nada·Jan 29, 2026·1 min read
El Salvador’s Central Bank Bolsters Reserves with $50 Million Gold Purchase

El Salvador's central bank buys $50 million of gold, increasing reserves to over $360 million while boosting Bitcoin holdings to $635 million.

El Salvador's central bank has made headlines by acquiring $50 million worth of gold, pushing its total gold reserves to over $360 million. This acquisition aligns with the government's continuing strategy to enhance its financial assets while simultaneously increasing its Bitcoin holdings. President Nayib Bukele's administration added one Bitcoin to its portfolio on the same day, bringing the total to 7,547 coins valued at approximately $635 million. The central bank's purchase, amounting to 9,298 troy ounces of gold, was announced via an X post from the institution. Bukele shared the news, hinting at a bullish sentiment on the investments, though it wasn't clear if he was referring to the gold or Bitcoin buy. Notably, the country has committed to purchasing one Bitcoin daily, a pledge Bukele has maintained amid fluctuating market conditions. This dual strategy of gold and Bitcoin acquisition could reflect a desire to diversify reserves and mitigate risks associated with volatile cryptocurrency markets. As El Salvador continues to position itself at the forefront of Bitcoin adoption, its gold purchases may serve as a stabilizing factor in the nation’s financial strategy.

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