CryptocurrencyEl Salvador Buys The Wild Bitcoin Dip With 500...

El Salvador Buys The Wild Bitcoin Dip With 500 BTC Purchase



  • El Salvador bought the dip with a purchase of 500 BTC.
  • The BTC purchase bolsters the already stacked reserves of El Salvador with a total of 1,620 BTC currently valued just shy of $50 million at time of writing.
  • President Bukele has a proven track record of dip-buying bitcoin during flash crashes.

El Salvador just bought the wild Bitcoin dip today with a 500 BTC purchase, at an average price of $30,744, according to a tweet from President Nayib Bukele.

The total purchase price comes to $15.3 million adding to the growing bitcoin reserves of El Salvador. With a cumulative 1,620 BTC the total reserves currently sit at $49.5 million with the current price of BTC hovering at $30,600, down from the all-time-highs of over $67,000.





Original Source Link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

UK economy shrinks in March as manufacturing and services falter

The UK economy contracted in March, continuing the poor performance of the previous month as manufacturing slowed and...

All the Software Google Announced at I/O 2022: Android 13, Search, RCS

Google kicked off its annual I/O developer conference Wednesday. As usual, the company took the occasion to announce...

Evaluate appoints Matthew Wright as Chief Financial Officer

London, UK and Boston, MA – 11 May 2022 – Evaluate, a leading provider of market intelligence and...

Brickbat: You Don't Say

A Maryland appellate court has overturned the murder conviction of Michael Maurice Allen Sr., who is serving life...

Here’s the latest good and bad news about COVID-19 drugs

Maybe you’ve heard that the pandemic is over in the United States. (It’s not.) Masks are no longer...

China may chalk up more debt as lockdowns hit the economy

Covid lockdowns have hit China's economy, and the Asian giant might have to issue more debt to continue...

Must Read

Her 4th Child Isn’t His – Hollywood Life

View gallery After 23 years of marriage, Steve Burton and...
- Advertisement -

You might also likeRELATED
Recommended to you