(Bloomberg) -- El Salvador bought another 420 Bitcoins to take advantage of its recent price drop, President Nayib Bukele said in a post on Twitter.
The country has bought a total of 1,100 of the coins since Bukele announced the first purchases on Sept. 6.
El Salvador made Bitcoin legal tender alongside the dollar from Sept. 7. The price of Bitcoin has dived since hitting a record high of $66,976 earlier this month, but is still up by about 20% since that Sept. 7 move.
©2021 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
