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El Salvador buys its cheapest 410 Bitcoin as prices reach $36K

Cryptocurrency Jan 23, 2022 01:40AM ET

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El Salvador buys its cheapest 410 Bitcoin as prices reach $36K

© Reuters.

The Central American country of El Salvador has added 410 Bitcoin (BTC) to its central reserve as BTC prices trade below $37,000, a price last seen on July 26th, 2021.

The fresh addition to El Salvador’s BTC reserve was announced by President Nayib Bukele, who confirmed that the purchase of 410 BTC was made against $15 million, placing the price at approximately $36,585 per BTC.

Bitcoin price movement. Source: TradingView.

Monthly growth of crypto owners. Source: Crypto.com.

Continue Reading on Coin Telegraph

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Comments (5)

Peter Okebalama Jan 23, 2022 10:12AM ET

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Should have waited for 30k or 28k level.. 36k was too soon

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Raje Shah Jan 23, 2022 10:12AM ET

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good

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Chris Johnson Jan 23, 2022 4:43AM ET

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A president fooling around with crypto all day long... Instead of getting the fundamental problems solved

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Devin Nathaniel Jan 23, 2022 3:53AM ET

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soon country will collapse

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Gershom Zvi Jan 23, 2022 3:12AM ET

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In the long run the major cryptos (bitcoin and ether) will be super high

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Minghui Gao Jan 23, 2022 2:13AM ET

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this country will bankrupt

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