Bitcoin dropped below $41k for the first time since Sept 2021, the same month El Salvador started buying BTC. Here's how much the country's bitcoin portfolio is currently worth.
Here’s How Much El Salvador’s Bitcoin is Currently WorthBitcoin dropped below $41k for the first time since Sept 2021, the same month El Salvador started buying BTC. Here’s how much the country’s bitcoin portfolio is currently worth.
The Central American nation of El Salvador entered into the pages of history as the first country to officially adopt bitcoin as a legal tender on June 9, 2021. Subsequently, the country went on a bitcoin buying spree, taking advantage of every opportunity to acquire more of the popular “digital gold” since it considers it a hedge against the consequences of inflation.El Salvador has made a total of eight BTC purchases to date, and about half of them were made in September alone.of 200 BTC worth $9.34 million on Sept. 6, 2021, just a day before its Bitcoin Law took effect. It was followed immediately by another one of 200 BTC worth $9.
The third one took place on Sept. 7, 2021, which saw El Salvador add 150 BTC worth $6.94 million to its portfolio. On Sept. 19, the country