NEWS

El Salvador Purchases 410 More Bitcoins Amid Market Drop

El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter.

  • “Some guys are selling really cheap,” he added in his tweet. Bitcoin was down about 12% late Friday below $36,500 as the broader crypto prices also retreated.

“Some guys are selling really cheap,” he added in his tweet. Bitcoin was down about 12% late Friday below $36,500 as the broader crypto prices also retreated.

  • The nation now holds over 1,500 BTC and plans to issue a $1 billion, 10-year bitcoin bond this year.
  • Bukele has been a consistent dip buyer over the past couple of months in a sign of confidence in the cryptocurrency’s long-term prospects.
  • Bitcoin officially became legal tender in El Salvador last September, three months after the country’s legislature passed the Bitcoin Law.

The nation now holds over 1,500 BTC and plans to issue a $1 billion, 10-year bitcoin bond this year.

Bukele has been a consistent dip buyer over the past couple of months in a sign of confidence in the cryptocurrency’s long-term prospects.

Bitcoin officially became legal tender in El Salvador last September, three months after the country’s legislature passed the Bitcoin Law.

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