El Salvador now holds a total of 1,120 Bitcoins

In the latest crash of the crypto market, El Salvador added new Bitcoin numbers in their national Bitcoin USD treasury fund. 

The year or 2021 was for El Salvador because earlier this El Salvador was not a very popular country in the world but after the decision of Nayib Bukele, president of El Salvador, to adopt bitcoin as a legal tender made El Salvador a highly popular crypto space. Even in a recent game of Tokyo 2020, El Salvador was denoted by the symbol of Bitcoin. 

As we know the crypto market is highly volatile and the wise decision to buy Bitcoin is in the dumps. El Salvador also follows the same concept. After 7 September, El Salvador bought Bitcoin in every dump. 

As we know a crash took place in space yesterday, in that crash El Salvador bought a total of 420 Bitcoin. Now El Salvador owns 1,120 Bitcoin in total. 

President Nayib Bukele informed about the Bitcoin buy-in dip through Twitter 

After this tweet, Nayib tweeted another two tweets which slapped the mouths of Bitcoin haters. 

Nayib tweeted that “we are already in profit & just bought more Bitcoins”. 

And in the next tweet, Nayib Bukele tried to explain that 1 Bitcoin = 1 Bitcoin i.e Bitcoin gonna remain Bitcoin. This is a type of sign to indicate crypto as a currency of payment in the crypto industry, which is popularly started with the DogeCoin. 

With this statement, Nayib also added how El Salvador is getting an advantage through Bitcoin + USD funds. Nayib wrote 

“We have a trust fund accounted for in USD, but the trust is funded by both USD and BTC. When the BTC part revalues in comparison to the accounting currency (USD), we can withdraw some USD and leave the trust with the same total.” 

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