El Salvador acts on Bitcoin price dip and buys 150 BTC

Cointelegraph

Published Sep 20, 2021 04:14AM ET

Updated Sep 21, 2021 02:20AM ET

Despite warnings from global agencies regarding its adoption of Bitcoin (BTC), El Salvador’s government continues to seize market opportunities.

As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter (NYSE:TWTR) that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC, worth close to $32 million at the time of writing.

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