El Salvador Buys The Wild Bitcoin Dip With 500 BTC Purchase Today

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  • El Salvador bought the dip with a purchase of 500 BTC.
  • The BTC purchase bolsters the already stacked reserves of El Salvador with a total of 1,620 BTC currently valued just shy of $50 million at time of writing.
  • President Bukele has a proven track record of dip-buying bitcoin during flash crashes.

El Salvador just bought the wild Bitcoin dip today with a 500 BTC purchase, at an average price of $30,744, according to a tweet from President Nayib Bukele.

The total purchase price comes to $15.3 million adding to the growing bitcoin reserves of El Salvador. With a cumulative 1,620 BTC the total reserves currently sit at $49.5 million with the current price of BTC hovering at $30,600, down from the all-time-highs of over $67,000.

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