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WebsCrypto—News—After a 55% Loss, El Salvador Continues to Buy 80 Bitcoins on Dips
News

After a 55% Loss, El Salvador Continues to Buy 80 Bitcoins on Dips

By WebsCryptoJuly 3, 20221 Min Read
After a 55% Loss, El Salvador Continues to Buy 80 Bitcoins on Dips
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El Salvador’s president, Nayib Bukele, said on social media on Thursday that the country continued to buy 80 bitcoins on the dip, with an average price of $19,000 each.

“Bitcoin is the future, thank you for selling cheaply,” he said on social media, along with a screenshot of trading bitcoin.

According to Nayib Bukele, El Salvador last bought bitcoin back in May, when the Central American country paid $15.3 million for 500 bitcoins.

According to CoinDesk, El Salvador lost 55% of its bitcoin investments.

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Before the deal, El Salvador held 2,301 bitcoins at a cumulative purchase cost of more than $101 million, but those investments are currently worth only $46.6 million.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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