El Salvador Purchases Another 420 Bitcoin, Worth Nearly $25 Million

El Salvador's president, Nayib Bukele, tweeted that his government has bought an additional 420 Bitcoin (BTC), increasing the total amount acquired to date to 1,120 BTC.

According to CoinMarketCap, the new purchase is worth about $24.7 million at writing time. Currently, the largest crypto exchange is trading on CoinGecko at roughly $58,863 with a 24-hour trading volume of $45,696,376,006. This means Bitcoin is down 4.98% in the last 24 hours.

In addition, this new purchase comes over a month after Bukele said they bought 150 BTC, adding to the 550 BTC they previously bought.

In the tweet, Bukele said,

"It was a long wait, but worth it. We just bought the dip! 420 new #Bitcoin"