Thursday, January 27, 2022

El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century – Featured Bitcoin News

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El Salvador, the nation which made bitcoin authorized tender, has bought 21 extra bitcoins to have a good time “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele introduced. The nation has purchased about 1,391 bitcoins altogether.

El Salvador Buys More Bitcoins

El Salvador’s President Nayib Bukele introduced Tuesday that his nation has purchased extra bitcoin.

His announcement started with a tweet that reads: “El Salvador’s entire size is 21,000 km2. Coincidence? I don’t think so!” He adopted up with a collection of tweets that collectively learn:

Today is the final 21st day of the yr 21 of the 21st century. At 21:00 hours … We are shopping for 21 bitcoin for the event. I’m holding the acquisition until 21:21:21.

El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century

He then posted a picture of a listing of BTC purchase transactions that add up to about 21 bitcoins. “Got a receipt,” he wrote.

El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century

El Salvador has been stacking bitcoins because the nation made bitcoin authorized tender alongside the U.S. greenback in September. Including the newest buy, it has purchased 1,391 bitcoins altogether.

Before the bitcoin legislation went into impact, El Salvador purchased 400 BTC. The nation then bought 300 extra BTC. President Bukele announced on the time that El Salvador now had 700 bitcoins.

In October, the nation purchased 420 extra BTC. In November, the nation purchased 100 extra bitcoins. The newest massive buy was in early December for 150 BTC, bringing the overall purchases to 1,370 BTC. With the 21 BTC purchased on Tuesday, the overall purchases quantity to 1,391 BTC.

Meanwhile, the International Monetary Fund (IMF) has warned El Salvador towards utilizing bitcoin as authorized tender. The warning got here at some point after President Bukele introduced his plan to construct a “Bitcoin City” powered by a volcano and financed by bitcoin bonds.

Tags on this story
Bitcoin Bond, Bitcoin City, Buy Bitcoin, purchase the dip, El Salvador, el salvador bitcoin, El Salvador btc, el salvador cryptocurrency, IMF, President Nayib Bukele, Salvadore crypto

What do you concentrate on El Salvador’s bitcoin purchases? Let us know within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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