El Salvador buys the dip once more invests $15m


TL;DR Breakdown

  • El Salvador buys 410 more BTC in the dip.
  • Bukele reiterates commitment to keep buying BTC in the dip.
  • Country set to begin giving crypto loan to small businesses.

El Salvador has bought 410 Bitcoin (BTC) to its central reserve in its latest attempt to buy the dip as the flagship cryptocurrency dipped below the $40,000 support zone to a six-month low below $35,000.

This announcement was made by no other than the President of El Salvador, Nayib Bukele. He took to Twitter to confirm the purchase of 410 BTC was made against $15 million, placing the price at approximately $36,585 per BTC.

His tweet reads, “Nope, I was wrong, didn’t miss it. El Salvador just bought 410 #bitcoin for only 15 million dollars. Some guys are selling really cheap.”