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HomeUncategorized"Thanks for the low prices": El Salvador buys 80 bitcoins for more...

“Thanks for the low prices”: El Salvador buys 80 bitcoins for more than 1.5 million dollars

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Since last September the country has acquired 2,301 coins for a total of 103.9 million dollars.

El Salvador spent more than 1.5 million dollars in the purchase of 80 bitcoins, as announced on Thursday by the country’s president, Nayib Bukele.

“Today El Salvador has bought 80 BTC at 19,000 dollars each. Bitcoin is the future. Thanks for low prices,” Bukele wrote on his Twitter account.

The previous purchase of bitcoins was in May, according to Bukele, when the country acquired 500 coins for a total of 15, 3 million dollars, at a price of 30,744 dollars each. At that time, the Minister of Finance, Alejandro Zelaya, indicated that the amount of bitcoins that the nation had represented less than 0.5% of its annual budget, adding that losses in that field represented an “extremely minimal” risk for your fiscal position.

Since last September you have acquired 2,301 coins for a total of 103.9 million dollars, but your portfolio is currently worth 46.6 million dollars, according to CoinDesk data based on Bukele’s announcements.

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