While most traders panicked and sold during last week’s flash crash, one country quietly hit the “buy” button harder than ever. On November 23, 2025, El Salvador added 1,098 Bitcoin worth roughly $101 million to its national treasury — bringing the total stack to more than 15,100 BTC.
This isn’t a surprise if you’ve followed President Nayib Bukele’s playbook, but the size and perfect timing of this purchase have people talking again.
The Numbers Behind the Latest Purchase
- Date of purchase: November 22–23, 2025
- Amount: 1,098 BTC
- Average price paid: ~$92,050 per Bitcoin
- Total cost: $101.1 million
- Current unrealized profit on this batch (as of Nov 25): already +$6.8 million
Bukele confirmed the buy with his usual one-line tweet: “We just bought the dip. 1,098 BTC 🇸🇻”
Data from the official government Bitcoin tracker (nayibbukele.com/portfolio) shows this was the single largest one-time purchase since the country made Bitcoin legal tender in September 2021.
Why El Salvador Keeps Buying the Dips (And Never Sells)
Most countries that hold Bitcoin treat it like a speculative investment. El Salvador treats it like a long-term monetary reserve — similar to how central banks buy gold.
Key differences:
- They’ve never sold a single satoshi
- Every purchase is funded by a mix of budget surplus, volcanic-bond proceeds, and tourism/mining profits
- Daily automatic purchases of 1 BTC continue no matter the price (570+ days straight)
According to the latest Treasury report released November 2025, the country’s entire Bitcoin portfolio is now valued at over $1.42 billion with an average buy price of ~$43,800.
That’s a paper gain of more than 220% in just four years.
What This Purchase Tells Everyday Bitcoin Holders
You don’t need to be a country to copy the strategy, but the message is clear:
- Volatility is your friend when you have a long time horizon
- Dollar-cost averaging + occasional big dip buys beats trying to time the absolute bottom
- Never selling turns paper losses into real wealth over time
El Salvador’s average citizen now has more Bitcoin exposure per capita than anyone else on earth — and the government just proved again they’re not slowing down.
The Bigger Picture in Late 2025
Four years after making Bitcoin legal tender:
- Over 75% of the population has used the government Chivo wallet at least once
- Bitcoin tourism is up 340% since 2022 (Ministry of Tourism, Q3 2025)
- The country’s geothermal mining operation now produces ~450 BTC per year at almost zero energy cost
Love him or hate him, Bukele’s bet is working exactly as advertised.
Bottom Line for Regular People Watching From Home
When the price dropped 12% in 48 hours last week, most retail traders panicked. El Salvador saw a sale.
They now own more Bitcoin than MicroStrategy, Tesla, and Marathon Digital combined — and they’re still buying.
If that doesn’t make you rethink your own sell triggers, nothing will.
Sources: Nayib Bukele official Twitter (Nov 23, 2025), Government of El Salvador Bitcoin Treasury Dashboard, Ministry of Tourism Q3 2025 Report, Arkham Intelligence on-chain verification (Nov 24, 2025).
