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El Salvador at it again, Nayib Bukele announces purchase of 150 Bitcoin
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While the entire cryptocurrency industry is reeling under a massive dip, President of El Salvador once again managed to find the silver lining in this storm. Earlier today, Nayib Bukele announced on Twitter that the island country had once again bought the dip as Bitcoin continued on its downward spiral.
According to Bukele, 150 Bitcoin tokens were added to El Salvador’s treasury today, at an average USD price of $48,670. This put the total purchase value for the latest haul at over $7.3 million at the time of writing.
Consequently, this brought El Salvador’s total Bitcoin accumulation to 1,270 BTC, which was worth $59.6 million at press time. The president had previously announced the purchase of 420 BTCs when the market had last shown
Read more on ambcrypto.comAbout this in other media
Lack of Transparency Blighting El Salvador’s Bitcoin Adoption, Critics Say cryptonews.com /2 years ago
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
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