El Salvador acquired 5 Bitcoin worth $415,000 during a price decline to $83,000 on Monday night ET. The purchase was confirmed through Arkham Intelligence data.
The Central American nation now holds 6,100 Bitcoin in total. This amount is currently valued at approximately $510 million.
El Salvador has kept to its strategy of purchasing one Bitcoin daily. This practice has been ongoing since November 2022.
President Nayib Bukele is expanding beyond cryptocurrency investments. He recently held meetings with Ben Horowitz and Marc Andreessen, co-founders of a16z.