(Bloomberg) -- El Salvador President Nayib Bukele, who's known to “buy the dip” amid Bitcoin selloffs, didn't disappoint crypto-enthusiasts on Friday by revealing that the Central American country purchased more of the cryptocurrency as it fell around 11%.
“Some guys are selling really cheap,” he wrote on Twitter, adding that the country had purchased 410 Bitcoin for $15 million.
According to Bukele's tweets, El Salvador -- which made the cryptocurrency legal tender alongside the U.S. dollar from Sept. 7. -- had bought at least 1,391 Bitcoin before Friday.
Bukele's announcement was followed by additional declines of the cryptocurrency, with Bitcoin falling below $36,000 for the first time since July in late Friday U.S. trading.
Read More: Bitcoin-Trading President Likely Lost Money for El Salvador
©2022 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
