The central bank of El Salvador, the small, bitcoin-friendly Central American nation, added $50 million in gold to its reserves, the institution said Thursday in an X publication.
The purchase (9,298 troy ounces) brings the country’s total gold holdings to 67,403 ounces, valued at approximately $360 million at current prices.
President Nayib Bukele reposted the ad, writing: “We just bought the other bathroom.” It was unclear whether Bukele was applauding the purchase of gold or blatantly announcing the government’s purchase of bitcoins. Arkham data showed the country added one bitcoin to its holdings on Thursday, in line with Bukele’s ongoing promise to have his government buy one bitcoin a day.
The country’s stack, according to Arkham, now stands at 7,547 bitcoins worth $635 million at bitcoin’s currently depressed price of just above $84,000.
