El Salvador is arguably among the most active entities making Bitcoin (BTC) purchases whenever there is an opportunity, or more precisely whenever there is a price drop.
Recently the country had made a purchase of 410 BTC at a price of around $ 15 million (equivalent to RM62,761,500) at the time of writing the article.
El Salvador's buying activity is often shared by its president, Nayib Bukele via a tweet on Twitter.
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 🤷🏻♂️ https://t.co/vEUEzp5UdU
- Nayib Bukele 🇸🇻 (@nayibbukele) January 21, 2022
Cumulatively, based on the asset purchase record El Salvador now owns at least 1,801 BTC.
Prior to the tweet on January 22, El Salvador was understood to have 1,391 BTC worth around $ 71 million.
The following is a record of Bitcoin purchases by El Salvador (based on a tweet from Bukele):
2021
September 6 - 200 BTC
September 6 - 200 BTC
September 7 - 150 BTC
September 19 - 150 BTC
October 27 - 420 BTC
November 26 - 100 BTC
December 4 - 150 BTC
December 21 - 21 BTC
2022
January 21 - 410 BTC
Current amount: 1,801 BTC
It is understood El Salvador has a special team that is committed to Bitcoin investments for the country.
