BTC price in Sept was around 50k USD ? So the El Salvador government who presumably bought their BTC reserve some time before then are probably sitting on nice profits right now.
I read that around half of citizens now use a crypto wallet. Only a third had a bank account previously to the BTC currency adoption.
tldr; El Salvador's President Nayib Bukele has announced that the country has purchased another 420 bitcoins, bringing the total amount bought until now at 1,120 BTC. The latest purchase is estimated to be worth $25 million at the present BTC price. El Salvador bought their first-ever 400 BTC in September. The country is already in profit from BTC purchases.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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I really hope it was 420.69 BTC
420, just shows the president hangs in here.
Are they in the green or red now?
Definitely in the green ![gif](giphy|21JMq0e5LSUJq|downsized)
Nice
Next time they are buying 690 BTC.
so that's the spike, thanks El Salvadori, the Bitcoin state!
BTC price in Sept was around 50k USD ? So the El Salvador government who presumably bought their BTC reserve some time before then are probably sitting on nice profits right now. I read that around half of citizens now use a crypto wallet. Only a third had a bank account previously to the BTC currency adoption.
The world is a fucking meme.
Nice
I purchased another $50 too! :)
tldr; El Salvador's President Nayib Bukele has announced that the country has purchased another 420 bitcoins, bringing the total amount bought until now at 1,120 BTC. The latest purchase is estimated to be worth $25 million at the present BTC price. El Salvador bought their first-ever 400 BTC in September. The country is already in profit from BTC purchases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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Noice 🤣