Advertisement
U.S. markets open in 5 hours 25 minutes
  • S&P Futures

    5,091.75
    -9.75 (-0.19%)
     
  • Dow Futures

    39,122.00
    -67.00 (-0.17%)
     
  • Nasdaq Futures

    17,964.00
    -27.00 (-0.15%)
     
  • Russell 2000 Futures

    2,011.90
    -8.60 (-0.43%)
     
  • Crude Oil

    76.11
    -0.38 (-0.50%)
     
  • Gold

    2,044.00
    -5.40 (-0.26%)
     
  • Silver

    22.82
    -0.17 (-0.73%)
     
  • EUR/USD

    1.0838
    +0.0015 (+0.14%)
     
  • 10-Yr Bond

    4.2600
    0.0000 (0.00%)
     
  • Vix

    14.18
    +0.43 (+3.13%)
     
  • GBP/USD

    1.2668
    -0.0005 (-0.04%)
     
  • USD/JPY

    150.5980
    +0.1580 (+0.11%)
     
  • Bitcoin USD

    51,271.11
    -347.15 (-0.67%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,710.25
    +3.97 (+0.05%)
     
  • Nikkei 225

    39,233.71
    +135.01 (+0.35%)
     

El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says

Ulises Rodriguez/APHOTOGRAFIA/Getty Images

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

El Salvador purchased 80 more bitcoin (BTC) at $19,000 each, President Nayib Bukele said on Thursday.

  • “Bitcoin is the future. Thank you for selling cheap,” Bukele tweeted, and accompanied the text with screenshots of 40 purchases made on Thursday that totaled $1.52 million.

  • El Salvador's last bitcoin purchase was in May, according to Bukele, when the Central American country acquired 500 coins for a total of $15.3 million, at a price of $30,744 each.

  • According to CoinDesk data based on Bukele's announcements, El Salvador is 55.03% down on its bitcoin bet. From September to date, the country has acquired 2,301 coins for a total of $103.9 million, but its portfolio is currently worth $46.6 million.

  • In May, El Salvador Finance Minister Alejandro Zelaya said the bitcoin amount the country had at that time represented less than 0.5% of its annual budget, adding that the bitcoin losses posed “extremely minimal” risk to the country’s fiscal position.

Read more: El Salvador Postpones Bitcoin Bond: Report

Advertisement