President Nayib Bukele Says El Salvador ‘Bought The Dip,’ Acquiring 100 More Bitcoins
El Salvador had previously bought 1,100 bitcoins as of Oct. 27. The country made the cryptocurrency legal tender alongside the dollar from Sept. 7
El Salvador President Nayib Bukele on twitter wrote that his country had taken advantage of the 7.7% decline in Bitcoin on Friday to purchase 100 more of the coins. This comes almost a week after he announced the nation’s plan to sell $1 billion in tokenized 10-year dollar-denominated bonds.
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