El Salvador’s President Nayib Bukele has announced that the country added more BTC to its reserves. The purchase was made on Dec 21, which saw 21 BTC bought at 21:00. The purchase was made to mark the 21st day of the year of the 21st year of the 21st century and is purely symbolic in nature.
El Salvador has made multiple bitcoin buys in the past, and this one hardly compares in terms of volume. 21 BTC at the current market price amounts to just over $1 million. In October 2021, the country purchased 420 BTC while the market was down and hundreds of bitcoins before that.
This new purchase of bitcoin doesn’t really add a significant amount to the country’s coffers, but it does indicate how much conviction some of the officials have. President Bukele is the most prominent of these, and his words and actions have won both praise and criticism.