The government of El Salvador, which became the first country to adopt bitcoin as legal tender last fall, has continued its bitcoin-buying spree with the purchase of another 500 tokens for about $15.3 million, President Bukele tweeted Monday.
- According to Bukele, the average price El Salvador paid for each bitcoin was $30,744. The bitcoin price has fallen nearly 10% in the last 24 hours to $31,053.
- Monday's bitcoin purchase appears to be El Salvador's tenth and largest to date.
- On January 21, El Salvador made its last bitcoin purchase, acquiring 410 bitcoins at an average price of $36,585 per coin.
- El Salvador now appears to own about 2,301 Bitcoins, currently worth just under $71 million.
- According to Finance Minister Alejandro Zelaya, El Salvador postponed its planned $1 billion Bitcoin bond in March due to unfavorable market conditions.