El Salvador ‘Bought the Dip,’ Acquiring 100 More Bitcoin

El Salvador's President says the country had "bought the dip" in Bitcoin, taking advantage in its 7.7% decline to purchase 100 more of the coins. — REUTERS

El Salvador President Nayib Bukele said the Central American country had taken advantage the 7.7% decline in Bitcoin on Friday to purchase 100 more of the coins.

"El Salvador just bought the dip,” Bukele wrote on Twitter, almost a week after he announced the nation’s plan to sell US$1bil (RM4.24bil) in tokenised 10-year dollar-denominated bonds.