Cryptopolitan
2021-09-20 09:01:25

El Salvador adds 150 more Bitcoin to its reserve

TL;DR Breakdown: El Salvador has purchased an additional 150 Bitcoin, raising its holdings to 700 BTC.Meanwhile, there is a complaint filed against the government, which seeks to review their Bitcoin debuts.  The government of El Salvador has remained bullish on the largest cryptocurrency, despite complaints raised by a human rights organization in the country regarding their Bitcoin rollouts. In a tweet on Monday, Nayib Bukele, the president of El Salvador, disclosed they had purchased an additional 150 Bitcoin (BTC).  We just bought the dip.150 new coins!El Salvador now holds 700 coins.#Bitcoin— Nayib Bukele (@nayibbukele) September 20, 2021 El Salvador now holds 700 BTC  The El Salvadoran government added 150 more Bitcoin to their reserve, which is worth over $6.7 million at the current price of $44,964 per BTC. In total, the country now has 700 Bitcoin to its name (an equivalent of +$31 million). The first 400 Bitcoin was purchased on September 6, and 150 Bitcoin on “Bitcoin Day.” For the record, the Central American nation is the first country to officially recognize and adopt Bitcoin as a legal tender. The government also made provisions to bootstrap adoption and easy use of the cryptocurrency in the nation. They introduced a native wallet dubbed Chivo, including Bitcoin ATMs, for the swift experience.  Court may probe El Salvadoran govt. The El Salvadoran Court of Accounts may pro...

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