El Salvador's Central Bank Invests $50 Million in Gold Amid Bitcoin Expansion

El Salvador's central bank increases its gold reserves by $50 million. President Bukele's government also boosts Bitcoin holdings to $635 million.

The central bank of El Salvador has expanded its gold reserves by acquiring $50 million worth of the precious metal. This investment brings the total value of gold held by the institution to more than $360 million.

Under the leadership of President Nayib Bukele, the Salvadoran government continues to bolster its cryptocurrency investments, with Bitcoin holdings now valued at approximately $635 million. This strategic move highlights the nation’s ongoing commitment to integrating both traditional and digital assets into its economic framework.