President of the country Nayib Bukele announced the acquisition of 420 BTC, now in total the state owns 1,120 BTC worth over $ 66 million
El Salvador's authorities bought 420 bitcoins worth about $ 25 million, President Nayib Bukele said. The purchase took place at the time of the rollback of the rate of the first cryptocurrency. Yesterday, it fell sharply by 7%, to $ 58 thousand. As of October 28, 9:30 Moscow time, bitcoin is trading at $ 59 thousand.
“The wait was long, but it was worth it. We just bought out the drawdown! ”, – wrote Bukele on his Twitter account.
Now El Salvador owns 1,120 BTC worth over $ 66 million.In the previous time, the country's authorities acquired 150 bitcoins on September 20, during the rollback of the cryptocurrency rate to $ 45 thousand.
On September 7, the country entered into force a law granting the first cryptocurrency the status of legal tender on a par with the US dollar. On the same day, the authorities bought the first 550 bitcoins.