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El Salvador buys 21 Bitcoin to rejoice December 21, 2021

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The federal government of El Salvador continues celebrating important days by shopping for extra Bitcoin (BTC), with president Nayib Bukele asserting a brand new buy of 21 BTC on Tu.

Value round $1,036,000 on the time of writing, El Salvador’s newest BTC funding is to rejoice the “final twenty first day of the 12 months 21 of the twenty first century” and commemorate the shortage of Bitcoin as its provide is proscribed by 21 million BTC, Bukele mentioned.

The president additionally seen that El Salvador’s whole measurement is reportedly round 21,041 sq. kilometers, which, in response to Bukele, shouldn’t be a coincidence as El Salvador is the primary nation on the planet to undertake Bitcoin as authorized tender.

On the time of buy, BTC was buying and selling barely above $49,000, in response to knowledge from CoinGecko.

Shopping for Bitcoin is steadily turning into a approach of celebrating totally different events and enjoying round significant dates or figures by El Salvador after the authorities purchased its first 200 BTC in early September amid adopting Bitcoin as authorized tender on Sept. 7.

On Nov. 26, El Salvador was celebrating Black Friday, shopping for 100 BTC at round $54,000 per BTC, accumulating a complete of 1,220 BTC.

Associated: Solely 10% of the Bitcoin provide left to mine

The Salvadoran authorities beforehand made a large 420 BTC buy in October shortly after Sam Bankman-Fried’s FTX crypto alternate raised $420 million from 69 buyers. Each apparently used “420” to discuss with hashish tradition slang for marijuana, as some business figures hinted.