El Salvador Buys up 500BTC During Market Lows
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According to El Salvador's president Nayib Bukele via Twitter, the country made a purchase of 500 Bitcoin amid its low market prices today. The purchase was made at an average price of $30,744 USD per coin - a hefty $15,372,000USD purchase overall.
This purchase brings the total BTC reserves of the country above 1,600 BTC. El Salvador first started purchasing Bitcoin back in September 2021. It is the first country to recognize Bitcoin as legal tender in the country, a policy that went into effect shortly after the country purchased its first supply.
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