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

Published 01/22/2022, 12:03 AM
Updated 01/23/2022, 01:40 AM
© 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.

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Latest comments

Should have waited for 30k or 28k level.. 36k was too soon
good
A president fooling around with crypto all day long... Instead of getting the fundamental problems solved
soon country will collapse
In the long run the major cryptos (bitcoin and ether) will be super high
this country will bankrupt
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