Central American country El Salvador has now almost made a culture out of buying Bitcoin at every possible opportunity.
Despite the bleak-looking outlook that the crypto market currently has, El Salvador keeps amassing its Bitcoin (BTC) holdings.
El Salvador Keeps Betting Big on Bitcoin
នេះបើយោងតាមការថ្មីមួយ Tweet by the popular Bitcoin-friendly president of El Salvador, Nayib Bukele, the country has added another 80 BTCs to its portfolio. Sharing screenshots of the transactions, excited Bukele expressed his pleasure after buying each BTC at the rate of $19,000 each. This means that the country spent $1.52 million on the latest BTC purchase. Bukele wrote:
“Bitcoin is the future. Thank you for selling cheap.”
Meanwhile, the Central American country has now almost made a culture out of buying Bitcoin at every possible opportunity. The last time it did was in May when it purchased 500 BTCs for a whopping $15.3 million. BTC was still trading at $30,744 at the time. However, that purchase in itself followed a long list of other buys. And going by previous announcements, El Salvador has acquired no less than 2301 coins from September to date, paying $103.9 million in the process. Although its entire portfolio is currently not worth more than $46.6 million.
No Risks to Fiscal Standing – Finance Minister
In May, El Salvador’s Finance Minister Alejandro Zelaya revealed that the amount of Bitcoin that the country had at the time was only a little fraction (less than 0.5%) of the annual budget. And as such, would pose no significant threat to the nation’s fiscal strength in the event of a loss.
El Salvador has also said it has no interest in selling off its BTC acquisitions for the umpteenth time. Although in early June, Zelaya confirmed that some of El Salvador’s Bitcoin possession were previously sold. However, that was solely in line with efforts to fund the Chivo Pets pet hospital. Zelaya then added that henceforth, the country will only hold whatever BTC it has in its possession.
Additionally, President Bukele himself announced that the Chivo Pets project would no more be funded by BTC sales. He claims that it would now henceforth receive funding from the surplus of a government trust fund.
ក្រោយ
Mayowa គឺជាអ្នកចូលចិត្តគ្រីបតូ / អ្នកនិពន្ធដែលតួអក្សរសន្ទនាគឺជាក់ស្តែងនៅក្នុងរចនាប័ទ្មនៃការសរសេររបស់គាត់។ គាត់ជឿជាក់យ៉ាងមុតមាំលើសក្តានុពលនៃទ្រព្យសម្បត្តិឌីជីថល ហើយឆ្លៀតឱកាសទាំងអស់ដើម្បីបញ្ជាក់រឿងនេះឡើងវិញ។
គាត់ជាអ្នកអាន ជាអ្នកស្រាវជ្រាវ ជាអ្នកនិយាយដ៏ប៉ិនប្រសប់ និងក៏ជាសហគ្រិនដែលមានវ័យចំណាស់ផងដែរ។
ទោះយ៉ាងណាក៏ដោយនៅឆ្ងាយពី crypto ការរំខានដែលគួរឱ្យចាប់អារម្មណ៍របស់ Mayowa រួមមានបាល់ទាត់ឬការពិភាក្សាអំពីនយោបាយពិភពលោក។
Source: https://www.coinspeaker.com/el-salvador-acquire-80-more-btc/