{"id":13096,"date":"2022-07-01T16:58:57","date_gmt":"2022-07-01T16:58:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/masters-of-the-dip-el-salvador-buys-80-bitcoin-at-19000-per-coin\/"},"modified":"2022-07-01T16:58:57","modified_gmt":"2022-07-01T16:58:57","slug":"masters-of-the-dip-el-salvador-buys-80-bitcoin-at-19000-per-coin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/masters-of-the-dip-el-salvador-buys-80-bitcoin-at-19000-per-coin\/","title":{"rendered":"Masters of the Dip, El Salvador Buys 80 Bitcoin at $19,000 per Coin"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

On Thursday, El Salvador president Nayib Bukele announced<\/a> on Twitter that his country purchased another 80 Bitcoin<\/a> (BTC) at $19,000 per coin. A bargain, according to the \u2018Bitcoin President\u2019.<\/p>\n

\u201cBitcoin is the future. Thank you for selling cheap,\u201d<\/strong> Bukele shared with his Twitter followers, as he included a screenshots of 40 purchases made on Thursday in which a total of $1.52 million was spent.<\/p>\n

The last time El Salvador\u2019s bought the flagship cryptocurrency was in May, when the Central American country added 500 coins<\/a> for a total of $15.3 million to its Treasury.<\/p>\n

Prior to today, from the country\u2019s first purchase of 200 BTC in September 2021<\/a>, El Salvador had bought 2301 BTC, spending a total of $103.9 million. At current prices, it is worth less than half of that amount.<\/p>\n

Be it that the country has lost more than 50%$ on its Bitcoin holdings, El Salvador Finance Minister Alejandro Zelaya commented in May his Treasury\u2019s Bitcoin only represents less than 0.5% of its annual budget, and that there is\u00a0\u201cextremely minimal\u201d<\/a> risk to the country\u2019s fiscal position.<\/p>\n<\/p><\/div>\n