Nayib Bukele has announced on Twitter the purchase of another 80 Bitcoins, at $19.000 each.
The President of El Salvador, Nayib Bukele, has announced on his personal Twitter account the Purchase of another 80 Bitcoins at a price of $19.000 eachWith this purchase, it is estimated that the country's treasury now has more than 2.300 Bitcoins, although there is no official confirmation, so it is difficult to know how much El Salvador's actual BTC holdings amount to.
In his tweet, President Bukele points out that Bitcoin is the future and thanks everyone who is selling cheap.
The President of El Salvador accompanies his tweet with a series of images showing what appear to be a Shopping list of 1 Bitcoin at a price of $19.000 each and time stamps indicating the purchases were made on the morning of June 30.
On the other hand, some experts point out that the Bitcoin that El Salvador treasures could have lost much of its value. Since started buying in September, the country has invested about $103,9 million, but the current value of his portfolio is $46,6 million.
However, in May, Alejandro Zelaya, El Salvador's current finance minister, noted that the amount of Bitcoin that the country has purchased barely represents the 0,5% of its annual budget He added that any potential losses represent an “extremely minimal” risk to the country’s fiscal health.
MicroStrategy also takes advantage of the bear market
For his part, Michael Saylor, CEO of MicroStrategy, has also taken advantage of the bear market to buy another 480 Bitcoins, worth around $10 million, as announced on its official Twitter account.
In this case, the purchase of MicroStrategy has had a Average price of $20.817 and was carried out in a period of time between May 3 and June 28.
Added to those already in place, they represent a total of 129.699 Bitcoins, with a total value of almost $4.000 billion. This means that Michael Saylor's company currently holds one in every 161 Bitcoins in the currency's total supply.
On the other hand, while many users have criticized Saylor's purchase, Changepeng Zhao, CEO of Binance, has come to the businessman's defense and has pointed out that the decision to buy more Bitcoin will be an advantage for the company in the long term.
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