El Salvador Buys the Dip Again and Purchases 500 Bitcoin (BTC) Amid Crypto Crash

El Salvador Buys the Dip Again and Purchases 500 Bitcoin (BTC) Amid Crypto Crash


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 

Bitcoin.”

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

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