- El Salvador bought 5 BTC on March 9
- Before that, El Salvador classically bought 1 BTC a day
- But there was another big purchase of 5 BTC on March 4
El Salvador bought 5 BTC on March 9, continuing his daily purchases of 1 BTC regardless of the ups and downs of Bitcoin, which is still the prime cryptocurrency for many reasons. However, on March 4, El Salvador did take advantage of a sharp drop and made a large purchase of 5 BTC.
More About El Salvador’s Continued Bitcoin Purchases
While Bitcoin has been experiencing notable volatility over the past week – we have seen continued purchases by El Salvador, which mostly keeps its 1 BTC per day strategy.
Yes, we’ve seen instances of some breaks and spikes in purchases before, and large purchases aren’t necessarily on dips, but this time we see El Salvador buying 5 BTC at once on March 9, when it fell to $83.079K. So El Salvador has made a $415,395 purchase, and his holdings now total 6,111.18 BTC worth ~$487,641,870.
Before that, when Bitcoin was also in decline, El Salvador kept the strategy of 1 BTC per day, but at the moment of a sharp drop on March 4 to ~$83.5K, they could not resist buying 5 BTC at once.
Conclusion
El Salvador is still on its way to prioritizing and accumulating Bitcoin. Recent pro-crypto moves by the US like Donald Trump’s crypto summit probably contribute to its pro Bitcoin strategy reasons.
An unprecedented pro-crypto nation-scale experiment is in force, most crypto enthusiasts are watching closely and we are following it with special attention too.
Stay tuned for updates and be aware of the rapidly evolving financial and crypto landscape.
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