While the sharp decline in Bitcoin price continues, El Salvador President Nayib Bukele announced that 80 more BTC was purchased at an average price of $ 19,000. Bukele expressed his satisfaction for buying Bitcoin cheaply in his Twitter message.

This latest move is the most important indicator that El Salvador continues its plans regarding Bitcoin. On the other hand, MicroStrategy, the corporate company that holds the most Bitcoin on its balance sheet, announced on June 29 that it bought 480 BTC at an average price of $ 20,817.

The Central American country last bought 500 BTC on May 9. At that time, the total value of BTC, which was bought at an average price of $ 30,744, was $ 15 million. While the last purchase seems to have remained lower, El Salvador has also lowered its average cost by buying Bitcoin at the cheapest price ever.

Nayip Bukele El Salvador

While cryptocurrencies were left behind in the first half of 2022, bear market conditions were felt hard during this period. In addition, El Salvador, who believes in the future of Bitcoin, has made a new move by purchasing Bitcoin under $ 20,000 with the end of the first half.

In the middle of this month, the country's Finance Minister, Alejandro Zelaya, said that El Salvador was not affected by the Bitcoin collapse, and we cannot say that we are at a loss unless I sell it. With the last purchase transaction, the total of El Salvador's BTC reserves increased to 2,381 Bitcoins.

Bitcoin recovered towards the close towards $19,940 after experiencing a decline from the $20,000 support to the $18,600 band on the last day of June. Although Bitcoin tests $ 20,000 on the first day of the new month, it is again below $ 19,500 in the morning due to the continuing selling pressure.