El Salvador’s President, Najib Boukela, said in a Twitter post that his country has bought an additional 420 units of Bitcoin to take advantage of its recent price drop.
El Salvador’s holdings have risen to a total of 1,100 units of the cryptocurrency since his agent announced the first purchases on September 6.
El Salvador is the first country in the world to adopt Bitcoin as the country’s official currency, along with the US dollar, as of September 7.
The tweet comes with a proxy, after the price of Bitcoin retreated from its new historical peak at $ 66,976 earlier this month, but the most popular cryptocurrency is still up about 20% since September 7.
The President of El Salvador has become preoccupied with spreading cryptocurrency and making it a major part of the daily life of his country’s citizens, to reduce currency conversion fees, as he said last week, Low-cost airline Volaris The cryptocurrency will accept Bitcoin, becoming the first airline in the world to do so. As well as being the first airline to accept Chivo wallet, and the latter an electronic wallet launched by El Salvador to facilitate Bitcoin payments.
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