🔥🔥 El Salvador discloses largest single-day BTC purchase of $100 million as bitcoin dips lower. 🚨
💸💵 El Salvador’s Bitcoin Office shows that it bought 1,090 BTC on Monday, bringing its total holdings to 7,474 $BTC .
💰 However, it is unclear whether El Salvador bought 1,090 BTC from the market as its deal with the IMF required the country to cease new purchases.
💰 El Salvador added 1,090 $BTC to its holdings on Monday evening, marking the largest single-day acquisition the country has ever made.
🤑 According to its Bitcoin Office, the country acquired around $100 million worth of bitcoin at 6:01 p.m., eastern time. This purchase brought its total holdings to 7,474 BTC, worth roughly $676 million.
💰💰 El Salvador, led by pro-bitcoin President Nayib Bukele, has been accumulating bitcoin consistently, making daily purchases of 1 $BTC since November 2022.
📉 Monday's addition of 1,090 BTC took place as bitcoin fell to lows of under $90,000, which was the lowest level it has seen since April, according to The Block's price page. The country has historically added batches of bitcoin to its holdings during bitcoin's price dip.
💯💰 Bukele shared a screenshot showing the recent bitcoin acquisition on his official X account. He has previously written on the social media platform that the country's bitcoin acquisitions will not stop. Reported by The Block.
