The latest purchase brought El Salvador's total crypto possessions to 2,381 BTC.
The latest purchase brought El Salvador’s total crypto possessions to 2,381 BTC.
The government of El Salvador purchased 80 BTC amid the cryptocurrency market crash. The country spent over $1.5 million to acquire the assets.the first nation to make bitcoin legal tender inside its borders. Apart from its entrance into the ecosystem, the Central American country has also been purchasing BTC, most frequently during price drops.
In a recent tweet, President Nayib Bukele announced that the country used the ongoing collapse to increase its crypto stash with additional 80 bitcoins. The amount was bought at a price of $19,000 per coin, meaning that El Salvador spent a little over $1.5 million. Similar to his previous statements, Bukele described the primary cryptocurrency as the future, appreciating its current low USD valuation now.