Summary
- El Salvador said it recently purchased an additional 1098.19 Bitcoin.
- It said this bulk purchase is analyzed as a strategy to enter at relatively low prices amid a bear market.
- El Salvador's total Bitcoin holdings increased to 7477.37 Bitcoins.
El Salvador, the South American country that incorporated Bitcoin (BTC) as a national official asset, has reportedly carried out a large-scale Bitcoin purchase recently.
On the 22nd (Korean time), according to the El Salvador Bitcoin Office website, El Salvador increased its Bitcoin holdings by 1098.19 Bitcoins over the past seven days. As a result, El Salvador's total Bitcoin holdings are 7477.37 Bitcoins.
Previously, El Salvador had been following a strategy of buying one Bitcoin per day. However, it is believed that it pushed for bulk purchases to buy Bitcoin at relatively low prices amid the recent bear market.
As of 5 PM that day, Bitcoin was trading at $84,462, up 0.64% from the previous day, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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