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bitcoin

El Salvador Buys its Cheapest Bitcoin Yet

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.

El Salvador

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

RELATED: El Salvador partners China to construct New National Stadium, Pres. Bukele announces in latest tweet

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.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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