El Salvador Buys Bitcoin Dip, Adding 500 Coins to Holdings

(Bloomberg) — El Salvador’s government bought 500 Bitcoins on Monday, in its largest purchase to date of the cryptocurrency. A wider markets rout has driven Bitcoin’s price below $31,000 for the first time since July 2021. 

The government bought the coins at an average price of $30,744, President Nayib Bukele said on Twitter. The government has purchased 2,301 Bitcoins since making it legal tender in September last year, according to data tracked by Bloomberg. 

(Adds table showing Bukele’s announced Bitcoin purchases)

More stories like this are available on bloomberg.com

©2022 Bloomberg L.P.

Close Bitnami banner
Bitnami