Today news
About the same in other media
El Salvador buys a smokin' hot 420 more Bitcoin
Reading now: 881
The President of El Salvador, Nayib Bukele tweeted earlier today that his government has taken advantage of the recent Bitcoin price drop and added 420 additional BTC to the nation’s stash.
“It was a long wait, but worth it,” he tweeted, “We just bought the dip!”
Shortly after he tweeted: “We’re already making a profit off the #Bitcoin we just bought.” During the time between the tweets, the value of the country's Bitcoin grew by around 0.4% or $100K.
How do we make a profit if 1 #BTC= 1 #BTC?We have a trust fund accounted in USD, but the trust is funded by both USD and BTC.When the BTC part revalues in comparison to the accounting currency (USD), we are able to withdraw some USD and leave the trust with the same total.
Many onlookers online
Read more on cointelegraph.comAbout this in other media
Stock futures are flat after sell-off induced by hot inflation data cnbc.com /3 years ago
Zimbabwe studying CBDC, ‘as opposed to crypto, Bitcoin, any form of derivatives’ ambcrypto.com /3 years ago
A battle of wallets: El Salvador’s Chivo vs. Nigeria’s eNaira CBDC ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
