El Salvador is continuing to buy the dip on Bitcoin (BTC) even as the crypto markets suffer a major crash.
El Salvadoran President Nayib Bukele recently announced the Central American nation bought an additional 500 BTC at an average purchase price of about $30,744.
“El Salvador just bought the dip!
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500 coins at an average USD price of ~$30,744
The country has now bought a total of 2,301 Bitcoin for $103 million, according to calculations from Bloomberg. With BTC trading at $29,027 at time of writing, that trove is currently worth only $66.9 million.
El Salvador first made Bitcoin legal tender last September and has been periodically accumulating BTC in its treasury since then.
In response, thousands of people in the country have taken to