El-Salvador To Buy one Bitcoin Daily!


El Salvador President Nayib Bukele declared that they would resume buying Bitcoin. He stated in a recent tweet: "We are buying one Bitcoin every day starting tomorrow."

The country is expected to hold 2,425 BTC by the end of the year after purchasing 44 BTC in total throughout the course of the year at a rate of one bitcoin per day.

Currently, El Salvador's BTC holdings, which were acquired at an average cost of $105M, have decreased by 62% to an estimated $39.5M.

Following El-Salvador, Justin Sun, the founder of the Tron cryptocurrency network and Grenada's ambassador, have decided to accumulate bitcoin at a pace of 1 BTC per day.