According to President Nayib Bukele, El Salvador bought an additional 80 bitcoins (BTC) for $19,000 each on Thursday.
Bukele announced on Twitter, adding screenshots of 40 transactions worth a total of $1.52 million that took place on Thursday.
According to Bukele, El Salvador last bought bitcoin in May, when the Central American nation paid $15.3 million for 500 coins, or $30,744 apiece.
El Salvador lost its bitcoin investment by 55.03 percent based on Bukele’s announcements. The nation has purchased 2,301 coins since September for a total of $103.9 million, but its portfolio is only worth $46.6 million right now.
Alejandro Zelaya, El Salvador’s finance minister, said in May that the country had less than 0.5 percent of its annual budget in bitcoin at the time, and that the risk of accruing losses on their bitcoin investment to the country’s finances was very negligible.
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