El Salvador doubles down on Bitcoin purchases amid market chaos, buys $100 million worth of cryptocurrency
El Salvador President Nayib Bukele is in the spotlight after he announced that the Central American country bought Bitcoin worth $100 million. The latest purchase increases El Salvador’s BTC stockpile by 17% from the day before.
Revealing that the country now owned a crypto reserve worth $688 million, Nayib Bukele made this major declaration on social media. According to the dashboard provided by the country’s so-called Bitcoin Office, El Salvador made this purchase to increase its total holdings to 7474.37 BTC.
