El Salvador Bitcoin buying spree continues, they now hold 700 bitcoin.
El Salvador who mad history on the 7th of September, as the first country to make Bitcoin a legal tender, recently just added to their Bitcoin portfolio, as they just bought 150 more Bitcoin, which makes a total of 700 Bitcoin they're now holding in their portfolio.
El Salvador is always ready to take advantage of the dip, even if some of it's citizens don't expect the country adopting Bitcoin as legal tender, as they have shown by having a huge protest on the day of their independence.
But the recent protest did not stop the government from buying more Bitcoin, as they're a strong supporter of cryptocurrency.
The president Nayib Bukele made the announcement on Twitter the country now holds 700 Bitcoin as of this morning.
150 Bitcoin is worth $7 million in cash, their total portfolio is now worth around $33 million currently.
As El Salvador’s Bitcoin buying spree continues, the country’s government is reportedly facing an investigation into its Bitcoin purchases and installation of crypto ATMs.Source
According to a Reuters report last week, El Salvador’s Court of Accounts—the body that oversees the country’s public spending—received a complaint from Cristosal, a human rights and transparency group, in which it expressed concerns over the government’s financing of Bitcoin purchases.
Source
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