El Salvador stacks 150 Bitcoin after BTC value crashes underneath $50k

December 6, 2021

Russian Finance Ministry



With this buy, El Salvador’s Bitcoin save currently sums to 1,270 BTC, which is worth almost $60.3 million at the hour of composing.


The Republic of El Salvador has secured 150 Bitcoin (BTC) in the midst of the greatest bear market since Bitcoin achieved an unsurpassed high of almost $68,000 back in the main seven day stretch of November.


Salvadoran president Nayib Bukele declared the acquisition of 150 BTC as the market cost immediately slipped underneath $50,000, losing more than 15% in market esteem.


While Bukele’s administration had the option to make the buy at $48,670 per coin, the bear market briefly cut down the Bitcoin cost to nearly $42,000 subsequent to falling more than 37% from its record-breaking high.


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