El Salvador buys Bitcoin dip, adding 500 coins to its balance sheet

El Salvador buys Bitcoin dip, adding 500 coins to its balance sheet
El Salvador buys Bitcoin dip, adding 500 coins to its balance sheet
El Salvador buys Bitcoin dip, adding 500 coins to its balance sheet El Salvador's President, Neb Bukele, points during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) in Mezata Beach, El Salvador, where he proclaimed "Bitcoin City", on November 20, 2021. El Salvador buys Bitcoin El Salvador has just added another $15.5 million worth of bitcoin to its balance sheet, as the world's most popular cryptocurrency continues to sell off. In a tweet on Monday, President Neb Bukele revealed that the country had bought a dip, adding another 500 bitcoins to government coffers. It's the largest currency purchase in El Salvador since it first started adding digital currency to its balance sheet in September 2021 — the same month it became the first country to adopt bitcoin as a legal tender, along with the US dollar. Bitcoin is down more than 8% in the past 24 hours, and is down nearly 55% from its November high. El Salvador has bought bitcoin at an ave…