El Salvador Purchases Additional $1.5M Worth Bitcoin (BTC)

El Salvador has purchased an additional 80 bitcoin (BTC) worth $1.5 million at $19,000 each, President Nayib Bukele said on Thursday. On July 1, president Nayib Bukele tweeted that the country had bought another 80 BTC at around $19,000 each before adding, “Bitcoin is the future. Thank you for selling cheap,” followed by a winking emoji. He also shared screenshots of what appears to be a list of purchases for 1 bitcoin each at the $19,000 price, with timestamps indicating the purchases occurred earlier this morning. El Salvador bought today 80 #BTC at $19,000 each!#Bitcoin is the future! Thank you for selling cheap 😉 pic.twitter.com/ZHwr0Ln1Ze — Nayib Bukele (@nayibbukele) July 1, 2022 El Salvador’s last bitcoin purchase was in May, when the Central American country acquired 500 coins for a total of $15.3 million, at a price of $30,744 each. It brings the total amount of BTC held by the Central American country to 2,381 worth $46 million, at the time of writing. However, the country is down around 55% on its investments, according to the Nayib tracker, which hasn’t included this latest purchase yet. Representing Less Than 0.5% Of Its Annual Budget Meanwhile, the country’s Finance Minister Alejandro Zelaya said in May that the amount of BTC the country held at that time represented less than 0.5% of its annual budget, adding that it posed an “extremely minimal” risk to the country’s fiscal position. In the meantime, CNBC repor...