US EditionOver $100M in BTC Added as Price Wobbles - Invest In Crypto News
6 Articles
6 Articles
El Salvador increased its bitcoin reserves above $100 million this week, in the midst of a sharp fall in the main cryptocurrency and despite continued warnings by the International Monetary Fund (IMF) to reduce the country's dependence on digital currency.The government added 1,098 bitcoin to its reservation last Monday, according to an image published by President Nayib Bukele in his X account.With this movement, the Central American country al…
Over $100M in BTC added as price wobbles - Invest In Crypto News
El Salvador executed its largest single-day Bitcoin (BTC) purchase since adopting the cryptocurrency in 2021, acquiring roughly 1,090 BTC worth approximately $100 million as prices slid below $90,000 on Nov. 18. President Nayib Bukele disclosed the transaction on X with a screenshot from the government’s Bitcoin dashboard showing total holdings had climbed to 7,474 BTC, worth between $680 million and $700 million at current prices. The acquisiti…
El Salvador’s $100M Bitcoin Purchase Signals A New Era Of Government-Level Crypto Adoption
El Salvador, the first country to make Bitcoin an official currency back in 2021, has made its biggest Bitcoin purchase in a single day. The government bought 1,090 BTC, worth a little over $100 million, after Bitcoin’s price briefly fell below $90,000, its lowest level since April. This move fits perfectly with the country’s long-term plan of collecting Bitcoin over time. Since November 2022, El Salvador has been buying 1 Bitcoin every day, and…
(Dan Tri) - While the cryptocurrency market is plummeting and investors are selling off massively, El Salvador is still taking the opportunity to buy large amounts of bitcoin.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
