El Salvador Keeps Buying Bitcoin Despite 6% BTC Drop, Holdings Reach 7,827
Summary
- El Salvador said it has continued buying Bitcoin even as Bitcoin fell 6%.
- El Salvador's Bitcoin holdings stood at 7,827 tokens, with their value estimated at about $588.7 million.
- The report said the specific purchase amount and timing of the purchases during the latest decline were not disclosed.
Forecast Trend Report by Period
El Salvador has continued buying Bitcoin despite a 6% drop in the cryptocurrency's price, Cointelegraph reported. The country's holdings were put at 7,827 Bitcoin.
Cointelegraph, a cryptocurrency-focused media outlet, reported on November 6 that El Salvador kept purchasing Bitcoin even as prices fell.
El Salvador's total Bitcoin holdings stood at 7,827 tokens, valued at about $588.7 million.
The report did not specify how much Bitcoin the country bought during the latest decline or when those purchases were made.
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