El Salvador has added more stacks of bitcoin to it’s digital wallet, this time buying 410 BTC tokens for $15 million. That’s an average price of $36,585 per coin, and the cheapest the Central American country has paid for a Bitcoin token since it began investing in the digital currency.
Announcing the purchase, a jubilant President Nayib Bukele informed his Twitter followers that El Salvador bought just in time to scoop the dip.
Nope, I was wrong, didn’t miss it.
El Salvador just bought 410 #bitcoin for only 15 million dollars
Some guys are selling really cheap ♂️ https://t.co/vEUEzp5UdU— Nayib Bukele (@nayibbukele) January 21, 2022
El Salvador became the first country in the world to approve Bitcoin as a legal tender. Despite criticism from several quarters about the sustainability of the initiative, the government continues to sink money into the scheme every time the opportunity presents itself.