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El Salvador Will Begin Purchasing One Bitcoin Every Day, According to President Bukele


Nayib Bukele, the president of El Salvador, announced that the country will start buying one Bitcoin (BTC) every day.

The statement comes three and a half months after El Salvador apparently purchased its final Bitcoin in July 2022, paying $19,000 for each coin for 80 BTC.

According to Buy Bitcoin Worldwide data, El Salvador purportedly owns 2,381 BTC at an average purchase price of $43,357. This amount is based mostly on when the President announced Bitcoin investments, but it cannot be validated because no public or on-chain record identifying the purchases has been published.


To date, the country has reportedly spent over $103.23 million on Bitcoin purchases. With the biggest cryptocurrency currently trading around $16,500, the true worth of its stockpile is $39.47 million, implying losses of more than $63 million.

Tron creator Justin Sun was one of the first in the crypto sector to respond to Bukele’s revelation, saying, “We will likewise buy one Bitcoin every day starting tomorrow.”