El Salvador increases its cryptocurrency reserves despite the fall in Bitcoin prices.

El Salvador, one of the first countries to adopt Bitcoin as legal tender, continues its "1 BTC per day" program, purchasing the cryptocurrency during the market downturn.

According to BitInfoCharts, the state-owned wallet address has been buying 1 Bitcoin (BTC) per day. The data shows that since March, the Salvadoran government has been strategically accumulating BTC through a cold wallet.

El Salvador began acquiring BTC on a daily basis in November 2022, when the program was introduced by the country's president, Nayib Bukele.

In March, Bukele emphasized that El Salvador will continue to buy 1 Bitcoin per day until it becomes "unavailable for purchase with paper currency." In February, the president of the Latin American country assured that they currently have no intention of selling their Bitcoin reserves.

Additionally, El Salvador has transferred a "significant portion" of its crypto assets to a cold wallet, which Bukele called the "first Bitcoin piggy bank" in the country.

According to available data, El Salvador received some of its Bitcoins from the cryptocurrency exchange Bitfinex. Moreover, according to Reuters, over the past three years, El Salvador has independently mined 474 BTC using the geothermal energy of the Tecapa volcano.

El Salvador's unwavering commitment to buying Bitcoins and its ambitious goals reflect the country's belief in cryptocurrency. And the decline in the exchange rate only contributes to the implementation of this plan.