El Salvador bought an additional 80 BTC amid a drawdown in the course

On Thursday, June 30, the government of El Salvador purchased an additional 80 BTC for a total of $1.52 million.Hereofsaid President Nayib Bukele.

“Salvador bought 80 BTC today for $19,000 each. Bitcoin is the future. Thanks for the cheap sale,” Bukele wrote.

On June 30, the rate of the first cryptocurrency fell below $20,000, and later dropped below $19,000.

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On the night of July 1, the price of Bitcoin immediately exceeded $20,800, but has now corrected to around $19,420.

Hourly BTC/USD chart on Binance exchange. Data: Trading View.

El Salvador made the previous purchase in May against the backdrop of falling quotes of the first cryptocurrency below $30&nbsp;000. Then Bukele announced the acquisition of an additional 500 BTC at an average price of ~$30&nbsp;744.

In the further collapse of the market, the “paper” loss of the country from the coins held in the state fund exceeded $46.1 million.

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For the first time, the government of the country began to buy digital gold on the eve of the legalization of cryptocurrency in the country in September 2021. The authorities have created a special fund for this purpose in the amount of $150 million.

Already at the end of September, the government took advantage of the drop in the exchange rate to $45,000 to purchase an additional 150 BTC, bringing the total reserves to 700 BTC.

As the price fell in November, another 100 BTC were purchased.&nbsp;

In January, El Salvador purchased 410 BTC amid a market correction. The average purchase price was $36,585.

Recall that in mid-June, Bukele advised not to worry about the quotes of the first cryptocurrency. According to him, investments in digital gold will grow “immeasurably” after the end of the bearish cycle.

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