• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Zeus Network Introduces BitcoinKit for Solana DeFi Integration

    Zeus Network Introduces BitcoinKit for Solana DeFi Integration

    U.S. Inflation Hits 2.7%, Bitcoin Surges

    U.S. Inflation Hits 2.7%, Bitcoin Surges

    Bitcoin and Ethereum Options Expiry Influences Market Volatility

    Bitcoin and Ethereum Options Expiry Influences Market Volatility

    Record $22 Billion Bitcoin, Ethereum Options Expiry Today

    Record $22 Billion Bitcoin, Ethereum Options Expiry Today

    MicroStrategy Stock Falls Below $300 Amid Bitcoin Decline

    MicroStrategy Stock Falls Below $300 Amid Bitcoin Decline

    MicroStrategy Stock Falls with Bitcoin Slump

    MicroStrategy Stock Dips Below $300 Amid Bitcoin Decline

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    SEC Reviews Spot Ethereum ETF Proposals by Major Firms

    SEC Reviews Spot Ethereum ETF Proposals by Major Firms

    Ethereum's Regolith Upgrade Brings Significant Market Changes

    Ethereum’s Regolith Upgrade Brings Significant Market Changes

    Cloudflare Launches NET Dollar Stablecoin for AI Transactions

    Cloudflare Launches NET Dollar Stablecoin for AI Transactions

    Cloudflare Launches NET Dollar Stablecoin for AI Transactions

    Cloudflare Announces USD Stablecoin for AI Transactions

    Cyber Hornet Files for XRP, Ethereum, Solana ETFs

    Cyber Hornet Files for XRP, Ethereum, Solana ETFs

    Crypto.com's CRO Token Loses $6 Billion in Market Cap

    Crypto.com’s CRO Token Loses $6 Billion in Market Cap

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

El Salvador Purchases $50M Gold to Diversify Reserves

Solomon M. by Solomon M.
September 8, 2025
in Latest News
El Salvador Purchases $50M Gold to Diversify Reserves

El Salvador Purchases $50M Gold to Diversify Reserves

Key Points:
  • El Salvador invests $50M in gold to diversify reserves.
  • Initiative led by President Nayib Bukele and BCR.
  • Move aims to balance Bitcoin volatility with stable assets.
el-salvador-purchases-50m-gold-to-diversify-reserves
El Salvador Purchases $50M Gold to Diversify Reserves

El Salvador expands its national reserves by acquiring nearly $50 million in gold to diversify holdings, as announced by the Central Reserve Bank on September 2023.

The move signifies El Salvador’s intent to stabilize reserves against crypto volatility, highlighting broader trends toward asset diversification amidst economic uncertainties.

El Salvador’s government has confirmed a purchase of $50 million in gold, marking a shift in its reserve diversification strategy. The acquisition represents 13,999 troy ounces, as declared by the Central Reserve Bank of El Salvador (BCR).

Key players, including President Nayib Bukele and the BCR, orchestrated this event. The purchase reflects a strategy to balance national reserves, heavily allocated to Bitcoin since 2021. This move marks the first gold acquisition by the country since 1990.

This initiative is expected to have significant effects on financial markets. El Salvador has strengthened its official gold reserves from 44,106 to 58,105 troy ounces, valued at an estimated $207 million, showcasing a strategic move to stabilize its assets.

The diversification aims to mitigate volatility associated with Bitcoin, currently making up a substantial part of the country’s national reserves. Despite large crypto holdings, the country is actively balancing its portfolio with this new gold purchase.

The additional gold reserves could enhance El Salvador’s fiscal stability. Gold’s non-correlation with fiat currencies supports the creation of a stable economic environment amidst global financial uncertainties.

El Salvador’s actions mirror global diversification trends. Countries like China and India have previously increased gold reserves to combat macroeconomic risks, demonstrating a shift in reserve management strategies to hedge against potential currency fluctuations.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

El Salvador Buys $50M in Gold for Reserve Diversification

Next Post

El Salvador Acquires $50M in Gold to Diversify Reserves

Solomon M.

Solomon M.

Related Posts

Kraken Aims for Investment to Boost Valuation

Kraken Targets $300M Funding, Eyes 2026 IPO

by Solomon M.
September 27, 2025

Kraken intends to raise $300M to achieve $20B valuation ahead of a 2026 IPO.

Kraken Sets Sights on 2026 IPO

Kraken Pursues $300M Funding Ahead of Planned IPO

by Solomon M.
September 27, 2025

Kraken aims for a $300 million funding round, setting the stage for a 2026 IPO.

Ethereum Spot ETFs Receive Modified Filings from Major Firms

Ethereum Spot ETFs Receive Modified Filings from Major Firms

by Joshua T.
September 27, 2025

Major firms file Ethereum spot ETF amendments with SEC, aiming for swift approval.

Tennessee Couple Ordered to Pay $7 Million for Crypto Fraud

Tennessee Couple Ordered to Pay $7 Million in Crypto Fraud

by Solomon M.
September 27, 2025

Tennessee couple faces $7 million penalty for fraudulent crypto operations, deceiving over 145 investors.

Tennessee Couple Ordered to Pay $7M in Crypto Fraud Case

Tennessee Couple Ordered to Pay $7M in Crypto Fraud Case

by Solomon M.
September 27, 2025

Tennessee couple Michael and Amanda Griffis ordered to pay nearly $7M in crypto trading fraud scheme affecting 145 investors.

Tennessee Couple Fined $7M in Crypto Trading Fraud

Tennessee Couple Fined $7M in Crypto Trading Fraud

by Solomon M.
September 27, 2025

Michael and Amanda Griffis ordered to pay $7M for fraudulent crypto trading scheme.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.