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Bitcoin News & Updates / After Losing $60 Million in Bitcoin, El Salvador’s President Buys More
« on: July 02, 2022, 11:46:34 AM »
Nayib Bukele has spent another $1 million in Bitcoin, adding 80 BTC to El Salvador’s existing stash of 2,301 BTC.
"El Salvador bought today 80 BTC at $19,000 each," the Central American politician tweeted, "Bitcoin is the future, thanks for selling cheap," he said.
Prior to this latest announcement, Bukele had invested about $104 million to buy 2,301 BTC at an average price of $45,171, according to his own tweets. Yesterday, when Bitcoin fell to $19,000, El Salvador’s Bitcoin stash was worth $43,719,000, implying losses for the country of about $60.2 million.more information
"El Salvador bought today 80 BTC at $19,000 each," the Central American politician tweeted, "Bitcoin is the future, thanks for selling cheap," he said.
Prior to this latest announcement, Bukele had invested about $104 million to buy 2,301 BTC at an average price of $45,171, according to his own tweets. Yesterday, when Bitcoin fell to $19,000, El Salvador’s Bitcoin stash was worth $43,719,000, implying losses for the country of about $60.2 million.more information