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El Salvador bought 21 BTC to celebrate December 21, 2021

22 Dec 2021 : 09:44
Updated : 23 Dec 2021 : 10:59
2 min read
  • El Salvador has bought another 21 BTC to celebrate the 21st day of the 21st year of the 21st century
  • The investment is worth approximately $1,036,000 at the time of writing
  • The country has also stepped up its pace in infrastructure development

El Salvador has bought another 21 BTC to celebrate the 21st day of the 21st year of the 21st century.

El Salvador bought another 21 BTC

The President of El Salvador, Nayib Bukele, has announced that the country has added more BTC to its reserves. The purchase was made on December 21, with 21 BTC purchased at 21:00. The purchase was made to mark the 21st day in the 21st year of the 21st century and is purely symbolic. The investment is worth approximately $1,036,000 at the time of writing. He later tweeted that he would be holding to purchase until 21:21:21.

The president also noted that El Salvador has a total area of about 21,041 square kilometers, which Bukele said is no coincidence since El Salvador is the first country in the world to adopt Bitcoin as legal tender. This new Bitcoin purchase does not bring a significant amount of money into the country’s coffers, but it shows how convinced some officials are.

The country has played with numbers before

It seems like buying Bitcoin in El Salvador is becoming a way to celebrate different occasions and play with meaningful dates or numbers after the government bought its first 200 BTC in early September after adopting Bitcoin as legal tender on September 7. For example, the Salvadoran government bought 420 BTC back in October, shortly after Sam Bankman-Fried’s crypto exchange FTX received $420 million from 69 investors.

The country has also stepped up its pace in infrastructure development. More than 200 Bitcoin ATMs are believed to be operational globally, and the Chivo wallet has surpassed the two million user mark. Among the new changes, the country’s president is pushing is a Bitcoin city powered by geothermal energy.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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