El Salvador buys more 150 bitcoins and now holds 700
El Salvador president announced on twitter that the country bought 150 more bitcoins and now holds 700.
El Salvador buys more 150 bitcoins and now holds 700
“We just bought the dip. 150 new coins! El Salvador now holds 700 coins.”, the president said.
We just bought the dip.
150 new coins!
El Salvador now holds 700 coins.#Bitcoin🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) September 20, 2021
He even added:
“They can never beat you if you buy the dips.”
“[This is] Presidential advice”
Presidential advice 🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) September 20, 2021
This news comes days after El Salvador Court of Auditors, which oversees public resources, started to investigate the government on Bitcoin purchases and ATMs.
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The audit court said it had received a complaint on Sept. 10 from a human rights and transparency group in El Salvador called Cristosal.
The group requested an audit on the authorization processes for the purchase of Bitcoins, as well as a review of the construction of the stands used in the ATMs that were set up with public funds.
The investigation comes about ten days after El Salvador made Bitcoin legal tender amid protests by the population. Now, the cryptocurrency is also the country’s official currency alongside the dollar.