$98,580.00
-0.23%$3,365.87
-0.11%$258.45
-0.27%$665.53
5.66%$1.53
9.80%$0.465583
19.29%$1.00
0.02%$1.078
25.21%$3,362.34
-0.16%$0.213091
7.08%$42.26
15.46%$0.00002716
9.57%$3,993.97
0.04%$5.66
2.93%$98,374.00
-0.33%$0.434234
53.69%$7.67
26.11%$16.91
10.81%$532.65
8.78%$3.60
1.05%$3,367.22
-0.05%$0.00002189
3.92%$8.62
-1.02%$102.56
12.89%$6.26
10.20%$12.63
5.83%$10.53
11.24%$3,528.96
-0.49%$0.149404
10.18%$11.02
13.40%$0.999259
-0.33%$0.191157
-0.57%$29.59
5.20%$0.549501
19.03%$7.88
7.87%$0.158595
4.94%$528.07
5.63%$0.00005086
-0.59%$1.003
0.14%$24.62
-0.83%$1.35
5.88%$0.04360045
33.52%$0.835477
5.12%$3.43
4.13%$3.79
1.90%$7.98
18.90%$2.08
7.14%$5.15
11.22%$50.37
9.63%$163.16
2.30%$0.850702
-0.17%$29.03
16.47%$2.22
4.80%$177.48
5.37%$6.11
9.98%$1.53
11.30%$0.00026138
1.74%$0.253097
14.70%$0.853579
19.65%$0.288568
19.30%$0.52547
8.28%$0.998076
-0.22%$1.53
3.53%$3,367.05
0.10%$5.72
6.17%$1.89
11.07%$0.653393
5.53%$6.03
-1.80%$3,756.23
-0.09%$0.169085
3.12%$98,739.00
-0.15%$2.37
4.64%$3,530.04
0.00%$1.16
2.73%$1.084
9.15%$98,129.00
-0.44%$3,454.74
0.14%$0.411389
1.40%$1.52
-3.97%$100.76
16.69%$1,632.99
-1.74%$72.63
6.98%$0.00000145
24.47%$21.26
17.07%$11.04
8.66%$319.47
-0.16%$11.32
2.31%$0.550948
19.43%$0.823341
13.88%$0.03147972
9.00%$0.02299647
6.56%$0.02283061
4.55%$1.21
-4.70%$1.18
4.83%$0.768572
9.89%$1.28
4.77%$0.542823
7.26%$0.02224557
8.06%$98,733.00
-0.05%$3.16
0.39%$272.80
-0.31%$14.70
9.02%$0.00000263
-11.20%$5.88
4.25%$6.56
11.76%$3,360.81
-0.04%$0.170323
5.24%$1.40
8.91%$35.02
15.92%$12.10
4.87%$98,472.00
-0.01%$3.90
2.62%$0.466492
19.83%$97,398.00
-0.92%$0.397381
11.75%$1.36
2.34%$0.000047
6.00%$1.001
3.74%$0.810396
6.25%$0.486803
14.17%$1.24
6.84%$0.01006915
1.26%$262.22
-0.63%$3,446.23
-0.59%$0.879074
-5.96%$5.32
4.72%$1.35
1.89%$0.730403
8.36%$39.59
5.95%$0.054296
21.70%$0.00191307
2.85%$0.225233
24.26%$0.00759979
4.35%$0.168117
8.14%$0.997924
-0.06%$0.083166
9.06%$47.99
5.68%$0.00726517
-6.41%$0.256143
10.84%$270.93
1.51%$3,367.56
-0.07%$0.00975697
2.61%$2,718.96
0.43%$2.12
1.97%$20.02
1.62%$3,366.86
0.03%$0.769222
8.60%$0.09695
15.03%$1.98
8.30%$0.996538
0.02%$0.00011744
4.77%$1.40
9.19%$0.01392323
5.68%$2.13
8.42%$3,639.73
-0.15%$0.489584
19.18%$0.163466
6.84%$1.31
4.04%$33.31
0.75%$0.281772
11.28%$1.00
-0.01%$0.189177
2.66%$3,369.16
0.09%$0.00800695
1.46%$62.49
14.44%$97,819.00
-1.05%$1.084
3.27%$1.50
5.07%$0.540747
-1.04%$2,734.61
1.22%$0.494812
6.46%$0.080046
-0.25%$2.19
9.46%$98,440.00
-0.15%$0.00000025
3.76%$0.070894
7.83%$3,333.50
0.13%$0.541291
-1.67%$0.00000051
5.54%$98,432.00
-0.25%$1.001
-0.05%$2.65
2.91%$0.072881
8.66%$8.58
0.95%$3,365.80
-0.07%$0.00142142
-8.20%$3.66
7.62%$3.95
-1.88%$0.473735
-11.72%$0.36425
6.49%$0.02393005
12.54%$0.243606
7.82%$1.077
9.87%$0.00834653
8.94%$1.063
-1.50%$0.791205
10.48%$3,610.42
-0.00%$0.01407285
5.95%$1.00
0.03%$3,369.98
0.11%$0.04565401
6.22%$3.87
6.17%$0.451289
-8.89%$0.00242603
12.37%$1.00
0.03%$1.019
5.07%$49.51
15.76%$3,523.71
0.02%$0.4262
-8.18%$8.36
3.86%$11.47
7.96%$26.06
22.37%$0.414484
1.07%$0.583628
7.09%$0.994487
0.68%$0.00499693
6.30%$96.76
-1.45%$3.79
11.64%$1.064
0.21%$1.92
5.56%$1.85
12.17%$6.46
-3.88%$0.00
9.05%$0.464012
3.52%$0.221331
9.00%$3.62
2.89%$3,713.37
-0.11%$1,979.02
-0.24%$0.378229
4.18%$31.34
6.70%$0.339904
1.67%$98,362.00
-0.12%$0.03696143
9.27%$3,574.69
0.05%$0.00639325
3.95%$0.03830002
-9.90%$1.001
-0.06%$0.244914
11.01%$0.04469252
5.59%$0.690631
5.21%$0.930301
7.56%$4.58
0.38%$0.03595405
6.14%$1.38
0.14%$0.348229
43.59%$0.02428941
5.68%$0.86592
-2.24%$97,673.00
-0.24%
Nayib Bukele, the president and self-described “Emperor of El Salvador,” has taken advantage of today’s drop in Bitcoin prices to increase his country's BTC reserves.
Bukele announced today on Twitter in English (the lingua franca of the Bitcoin ecosystem, but not his citizens) that he had bought the proverbial dip. BTC, which reached an all-time high above $67,000 last week, fell today to below $60,000, according to CoinGecko.
The amount of BTC he bought was the icing on the cake: 420 BTC. (For those unfamiliar with the internet, 420 is a meme number associated with the cannabis culture.)
It was a long wait, but worth it.
We just bought the dip!
420 new #Bitcoin🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) October 27, 2021
El Salvador adopted Bitcoin as legal tender on September 7. In the past two months, Bukele has ordered four BTC purchases for the country’s coffers. According to Disruptiva magazine’s estimates, El Salvador bought 200 BTC at $51,300 on September 6, then another batch of 200 BTC at $51,500. A day later, it purchased 150 BTC at $52,000, and finally, on September 19, El Salvador bought the dip, acquiring another 150 BTCat $45,700.
After racking up a portfolio at over $11 million in unrealized losses, the price of Bitcoin started to recover, reaching a new high. With this new purchase, Bukele has increased El Salvador's stated Bitcoin reserves to 1,120 BTC, at an average price of $53,324.29. With the price tag of Bitcoin at nearly $59,000, it’s made a tidy (though unrealized) return on its investment.
#Bitcoin Con el precio de la criptomoneda de este día a las 8:20 a.m., la inversión en 700 BTC que realizó El Salvador podría dejar un margen de un poco más de $10.8M. pic.twitter.com/RScdlj3x1v
— Disruptiva (@Disruptiva2) October 20, 2021
If Bukele issues a buy order of 69 BTC during Bitcoin's next dip, Decrypt will be the first to report it.
