(Twitter) El Salvador President Nayib Bukele added 100 more Bitcoins to the country’s balance sheet following a plunge to around $54,000 on Friday.
Bukele said the country bought the tokens on a “discount” in reference to the lower price following an 8% drop on fresh Covid-19 variant fears on Friday.
Accelerated Bitcoin purchases by El Salvador happened amid criticisms, with the Bank of England governor questioning the country’s decision to make the crypto a legal tender in September.
Bukele has responded to criticisms by the BOE governor about making Bitcoin a legal tender questioning England’s central bank interest in the wellbeing of Salvadorians.
El Salvador’s crypto inroads are seen gathering momentum, with the president saying on November 20 that he will build a Bitcoin city.
BTCUSD is up down -0.05%.
