El Salvador again bought up “at a discount” – the country bought 80 BTC at 19 thousand dollars

Earlier this year, El Salvador’s coffers lost more than $12 million from a sharp drop in the exchange rate. Despite this, the authorities continue to invest in bitcoin. The government bought 500 BTC at $35,000 each in May. And now, with an even bigger drop in the rate, El Salvador has invested another $1.5 million in the cryptocurrency.

The country’s treasury was replenished by 80 BTC at a rate of $19,000. This month has already been dubbed the worst in the history of cryptocurrencies, but the Buquelet government seems to believe that the situation can improve.

This information was confirmed directly by the president himself. He said that the country “took advantage of the crisis” and thanked those who sell bitcoin “on the cheap. But such investment raises more and more questions.

The country’s coffers currently hold 2,381 BTC. At the time of writing, the rate is 19,173 USD (-4% per day). That’s $45.6 million. If El Salvador had sold its assets in March, when the peak was 47,454 USD, the country would have received almost $113 million.

Despite this, the country’s government remains optimistic. In a recent interview, Alejandro Zelaya, head of the Ministry of Finance of El Salvador, said that the high volatility of the market does not pose a threat to the country.