Watch Latest Shows & Videos on Our Official YouTube Channel – BLOCKBYTES

Facebook Twitter Youtube Instagram Tiktok Linkedin Spotify
Blockbytes
  • Home
  • Shows
    • Across The Chains
    • Beyond the Block
    • Featured By Blockbytes
    • The Workflow
    • Byte Sized Videos
    • Quickflip Polygon
    • Legacy Content
  • Articles
    • News
    • Getting Started
    • Project Overviews
    • DeFi
    • NFTs
    • Networks
      • Polygon
      • Iota + Shimmer
      • Fantom
      • Aurora
  • BlockBytes Weekly
  • Meet the Team
    • About Us
    • Contact
Reading: El Salvador and TRON commit to Buying One BTC a day
Share

  • bitcoinBitcoin(BTC)$16,787.14
  • ethereumEthereum(ETH)$1,210.10
  • tetherTether(USDT)$1.00
  • usd-coinUSD Coin(USDC)$1.00
  • binancecoinBNB(BNB)$247.45
  • binance-usdBinance USD(BUSD)$1.00
  • rippleXRP(XRP)$0.344393
  • dogecoinDogecoin(DOGE)$0.073311
  • cardanoCardano(ADA)$0.250973
  • matic-networkPolygon(MATIC)$0.79

Aa
Blockbytes
  • Home
  • Shows
  • Articles
  • BlockBytes Weekly
  • Meet the Team
Search
  • Home
  • Shows
    • Across The Chains
    • Beyond the Block
    • Featured By Blockbytes
    • The Workflow
    • Byte Sized Videos
    • Quickflip Polygon
    • Legacy Content
  • Articles
    • News
    • Getting Started
    • Project Overviews
    • DeFi
    • NFTs
    • Networks
  • BlockBytes Weekly
  • Meet the Team
    • About Us
    • Contact
Have an existing account? Sign In
Follow US
Facebook Twitter Youtube Instagram Tiktok Linkedin Spotify
Blockbytes > Blog > Crypto > Bitcoin > El Salvador and TRON commit to Buying One BTC a day
BitcoinNews

El Salvador and TRON commit to Buying One BTC a day

Brick Frog
Last updated: 2022/11/18 at 7:42 PM
Brick Frog Published November 18, 2022
Share
Flag of Bitcoin
Flag of Bitcoin

President of El Salvador, Nayib Bukele, has announced the nation will begin purchasing BTC on a daily basis, starting November 17th. This will be the first BTC purchase from the country since its last BTC trade in July 2022 where it purchased 80 BTC at $19,000 per coin. 

We are buying one #Bitcoin every day starting tomorrow.

— Nayib Bukele (@nayibbukele) November 17, 2022

El Salvador became the first country to legally recognize Bitcoin as a legal currency in September 2021. According to public records, El Salvador currently holds 2,381 BTC at an average buying price of $43,357. Thus, the country has spent nearly $103.23 million on its BTC purchase and the value of the same BTC currently sits at $39.4 million.

Image from CoinTelegraph
El Salvador’s total BTC purchase history. (From Cointelegraph)

The president has dismissed rumors that it held its BTC on the now-bankrupt FTX exchange. This was confirmed by Binance CEO Changpeng Zhao who posted on Twitter that he had spoken to the president and that El Salvador has no business with FTX.

Man, the amount of misinformation is insane.

I exchanged messages with President Nayib a few moments ago. He said "we don’t have any Bitcoin in FTX and we never had any business with them. Thank God!" https://t.co/CrM5wd24Ha

— CZ 🔶 Binance (@cz_binance) November 10, 2022

Bukele received support for his new strategy from Tron founder Justin Sun who said that TRON DAO would also follow in El Salvador’s footsteps and buy 1 BTC every day starting Friday. 

We echo @nayibbukele’s initiative in buying #Bitcoin daily. We will also buy one #Bitcoin everyday starting tomorrow! @trondaoreserve @trondao https://t.co/cRqfBIPKGR

— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 17, 2022

You Might Also Like

The Latest Crypto Bank Closure – Signature Bank joins SVB and Silvergate Bank

The First Domino – The End of Silvergate Bank

USDC DEPEG: CIRCLE’S ROLLERCOASTER OF A WEEKEND

Iron Bank vs Alpha Homora – Protocol Exploits Protocol

TAGGED: BTC, El Salvador, Tron

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article MR. BANKMAN Narcotics, Nookie, and Neuroticism
Next Article FTX: Collateral Damage
- Subscribe Us-
Ad image
Popular News
Arbitrum Top 5
Five Arbitrum Projects to Watch in 2023
Thena
THE Thena Overview
Signature Bank
The Latest Crypto Bank Closure – Signature Bank joins SVB and Silvergate Bank
Silvergate
The First Domino – The End of Silvergate Bank
USDC DEPEG
USDC DEPEG: CIRCLE’S ROLLERCOASTER OF A WEEKEND

Latest News

Arbitrum Top 5
FeaturedNetworks

Five Arbitrum Projects to Watch in 2023

March 24, 2023
Thena
Project Overviews

THE Thena Overview

March 24, 2023
Signature Bank
Editor's PicksNews

The Latest Crypto Bank Closure – Signature Bank joins SVB and Silvergate Bank

March 14, 2023
Silvergate
Editor's PicksNews

The First Domino – The End of Silvergate Bank

March 14, 2023

Stay Connected

Twitter Youtube

Subscribe

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?