The post El Salvador’s Nayib Bukele ready to buy America’s Bitcoin at a discount appeared on BitcoinEthereumNews.com.

In a recent post on X, El Salvador’s President Nayib Bukele hinted at an opportunity to purchase Bitcoin at a discount. This follows the US government’s decision to sell seized assets from the defunct Silk Road marketplace.  Bukele was reacting to a recent post that revealed the US DOJ has the green light to sell approximately 69,370 Bitcoins, valued at around $6.5 billion, seized from the now-closed Silk Road digital black market. Maybe we’ll all get the chance to buy Bitcoin at a discount! https://t.co/d16TnQ9SAl — Nayib Bukele (@nayibbukele) January 9, 2025 El Salvador’s government, under the leadership of Nayib Bukele, has stayed true to its strategy to increase Bitcoin holdings. As of January 9, 2025, El Salvador holds 6,022.18 BTC. The country looks to keep up with the “buy one Bitcoin a day” plan by adding more coins to its reserves periodically.  More acquisitions with profits planned for 2025 El Salvador has increased its Bitcoin purchases again, as confirmed by the country’s leader in a social media post on Thursday. Bukele shared a screenshot of the transaction from the country’s Bitcoin Office platform. On Wednesday, the country bought 11 BTC, worth over $1.047 million. The purchase is El Salvador’s third large purchase since December 20. Last year, the country bought 11 BTC on December 20 and another on December 22. Senior Bitcoin adviser Max Keiser revealed the government plans to acquire 20,000 more BTC. Currently, per Arkham Intelligence data, El Salvador holds BTC valued at approximately $562 million. The country spent $145 million to acquire the assets at an average price of $45,641 per coin. President Bukele has been vocal about the benefits of this investment. On multiple occasions, he has proudly shared on his X account the substantial gains El Salvador has realized from its early adoption strategy.…

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Filed under: News - @ January 9, 2025 11:24 am