El Salvador ‘Bought the Dip,’ Acquiring 100 More Bitcoin

By BLOOMBERG

El Salvador President Nayib Bukele said that the Central American country had taken advantage the 7.7% decline in Bitcoin on Friday to purchase 100 more of the coins.

“El Salvador just bought the dip,”  Bukele wrote on Twitter. 

Nayib Bukele ????????

 

@nayibbukele

 
El Salvador just bought the dip.

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100 extra coins acquired with a discount ????
 
#Bitcoin ????????

 

El Salvador had previously bought a total of 1,100 Bitcoin as of October 27. The country made the cryptocurrency legal tender alongside the dollar from Sept. 7.