El Salvador has doubled down on its Bitcoin initiative, making the country’s largest purchase to date as the cryptocurrency sees a significant plummet in price over the past week. On Tuesday, El Salvador president Nayib Bukele announced via Twitter that the country has now acquired another 500 Bitcoins at an average price of $30,744 USD, marking a new low in purchase price for the Central American country which now owns 2,301 BTC. At current prices, the number equates to roughly $72 million USD, which was accumulated over a series of…
Read MoreEl Salvador Buys Another 500 Bitcoins as Price Drops Below $31,000 USD
