The president of El Salvador, Nayib Bukele, announced during the afternoon of this Monday, September 6 that his country bought 200 bitcoins (BTC). The head of state revealed that it is the first of several acquisitions that the nation will make, in the next few hours or days, to invest in the main cryptocurrency on the market.
«El Salvador has just bought your first 200 coins. Our brokers will buy many more as the #BitcoinDay #BTC deadline approaches », was the message that the president shared through his Twitter account.
It is not clear what the mechanism was that the country used to buy its bitcoins, that is, it is unknown whether the country used exchange services, over-the-counter (OTC) or other exchange platforms. It was also not reported whether the investment was made by the Central Reserve Bank of El Salvador or it was an investment executed directly from the presidency.
At the current price of BTC the government would have disbursed more than 10 million dollars for the 200 cryptocurrencies. According to the CryptoNews price index, a bitcoin is currently trading at $ 51,900 per unit.
Bitcoin, legal tender
Bukele’s announcement It comes a day before El Salvador formalizes the execution of the so-called Bitcoin Law. As of this Tuesday, September 7, the State will become the first in the world to recognize BTC as legal tender, along with the United States dollar. Its acceptance in commercial establishments will be mandatory , with some exceptions, and the dollar will be kept as the unit of account. Users and businesses will have the option of keeping their BTC or converting it to dollars.
«Tomorrow, for the first time in history, all eyes in the world will be on El Salvador. Bitcoin did this. The FUD (fear, uncertainty and doubt) is coming in. Tons of it. Stay focused, “Bukele commented minutes before revealing the cryptocurrency purchase.
According to Buy Bitcoin Worldwide records, El Salvador joins Bulgaria and Ukraine as the countries that hold bitcoin. However, in these last two cases it is about seizures from “criminal organizations”, in the case of Bulgaria, and positions in BTC of its public officials, regarding Ukraine.
El Salvador It generated a media stir three months ago when it announced that it would adopt bitcoin as legal tender. The Legislative Assembly formally approved express the Bitcoin Law to be executed, which comes into effect tomorrow Tuesday, a fact that will be reported in detail by CriptoNoticias.
