El Salvador Acquires $100M in Bitcoin Amid Price Slump
Significant Purchase: El Salvador added approximately 1,000 BTC to its treasury for $100 million on November 18. Updated Holdings: The country’s Bitcoin stockpile now stands at around 7,500 BTC, valued at nearly $700 million. Market Context: The acquisition occurred as Bitcoin prices fell to a seven-month low below $90,000, reflecting a strategic ‘buy the dip’ approach. El Salvador has ramped up its...
Bitcoin, Cryptocurrencies, El Salvador, Front page, Nayib Bukele, News
