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.
El Salvador just bought the dip.
100 extra coins acquired with a discount 🥳#Bitcoin 🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) November 26, 2021
(SocialLY brings you all the latest breaking news, fact checks and information from social media world, including Twitter (X), Instagram and Youtube. The above post contains publicly available embedded media, directly from the user's social media account and the views appearing in the social media post do not reflect the opinions of LatestLY.)
(The above story first appeared on LatestLY on Nov 27, 2021 12:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
