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El Salvador Purchases 5 Bitcoin as Price Drops to $83,000

  • 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.

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