According to President Nayib Bukele, El Salvador last bought bitcoin in May when 500 coins for a total of $15.3 million at a price of $30,744 apiece were purchased.
According to President Nayib Bukele, El Salvador bought 80 Bitcoin for $19,000 apiece on Thursday.
The future belongs to bitcoin. Bukele wrote, "Thank you for selling cheap. I've included screenshots of the 40 purchases I made on Thursday totaling $1.52 million.
El Salvador's Bitcoin wager is losing money, according to CoinDesk data based on Bukele's announcements, by 55.03 percent. The nation has bought 2301 coins since September for a total of $103.9 million, but its portfolio is only worth $46.6 million right now.
Alejandro Zelaya, El Salvador's finance minister, stated in May that the country had less than 0.5 percent of its yearly budget in Bitcoin at the time and that the risk of economic instability from Bitcoin losses was "very modest."