El Salvador Buys Bitcoin Dip, Scoops $1 Million Worth Of BTC A Day After IMF Urges Scaling Back [Yahoo! Finance]
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Source: Yahoo! Finance
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC ), worth over a million dollars, for its reserve. What happened : According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to oversee all things related to the leading cryptocurrency, the Central American nation upped its daily purchase tally to 11, 10 more than the one Bitcoin per day policy. With the latest grab, the country's Bitcoin stockpile grew to 5,980.77, worth $581 million at current prices, with an unrealized profit of over $307 million. The aggressive dip-buying followed a sharp downturn in the market , which saw the apex cryptocurrency fall below $96,000. Trending: Coinbase's latest promo gets you up to $200 in crypto (Seriously!) — Here's everything you need to know to take advantage of this offer. Why It Matters: The purchases come
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