El Salvador has reached another major step in its Bitcoin journey. The country now owns more than 7,500 bitcoin. At current prices, this is worth about $650 million.

This makes El Salvador the most active country in the world when it comes to holding bitcoin as part of its national reserves. El Salvador first made global headlines in September 2021, when it became the first country to make bitcoin legal tender.

Since then, the government has continued buying bitcoin over time. What many people once saw as a risky experiment has now turned into a long-term national strategy.

Government data shows that El Salvador’s bitcoin holdings have grown quickly in recent months. Earlier this year, the country held just over 6,000 bitcoin. Today, that number is around 7,500. In just one month, El Salvador added about 1,120 BTC to its reserves.

One very large purchase happened on November 18. On that single day, the government bought 1,090 BTC at once.

At other times, the country maintained its daily purchase of one bitcoin. For example, in the past week, the total only increased by 8 BTC. This shows that El Salvador uses a mix of big purchases and small, regular buys.

President Nayib Bukele often shares bitcoin purchase news on social media. His government seems to be following a simple dollar-cost averaging strategy. This means it keeps buying bitcoin over time instead of trying to guess the best price.

Officials believe this helps reduce risk caused by price swings. El Salvador has been very good at sticking to this plan, no matter what the market is doing. This policy remains in place regardless of whether bitcoin prices fall or rise.

Recently, bitcoin was trading near $89,300, slightly lower than the previous week, but the daily buying did not stop. For the government, bitcoin is not just an investment. Leaders say it helps protect the country from inflation and reduces dependence on traditional banks.

Bitcoin is also used to make remittances cheaper and faster for Salvadorans living abroad who send money home.

Bitcoin has also helped bring attention to El Salvador. The country has attracted Bitcoin tourists, investors, and technology companies. Officials say this has helped improve El Salvador’s image as a place open to innovation and new financial ideas.

In some areas, Bitcoin is already part of daily life. Places like “Bitcoin Beach” show how people can use Bitcoin to pay for food, services, and bills. The country has also experimented with Bitcoin mining using geothermal energy from volcanoes.