El Salvador bought 21 BTC to mark December 21, 2021

The Salvadoran government purchased 21 BTC to mark the milestone date. This was announced by President Nayib Bukele.

And we are buying 21 #bitcoin for the occasion 🥳 https://t.co/xKo80nhYOn

— Nayib Bukele 🇸🇻 (@nayibbukele) December 22, 2021

According to him, the country invested in Bitcoin to celebrate “the last 21 days of the 21st year of the 21st century”. Bukele added that he held the purchase until 21:21:21.

Its amount [8 — section] amounted to $1,034,416.68.

The president also noted that the area of El Salvador is 21,000 km², hinting at the cap of the first cryptocurrency’s supply at 21 million coins.

“Coincidence? I don’t think so”,

El Salvador’s entire size is 21,000 km2

Coincidence? I don’t think so!#Bitcoin🇸🇻

— Nayib Bukele 🇸🇻 (@nayibbukele) December 22, 2021

After the legalisation of Bitcoin in September, the country’s government acquired 550 BTC through a specially created fund. Subsequently it bought 150 BTC during a price dip to $45,000.

In October, authorities further increased reserves in the primary cryptocurrency by another 420 BTC, again taking advantage of a local price correction. In November the state fund acquired 100 BTC.

El Salvador also began mining cryptocurrency using geothermal energy from volcanoes. Bukele posted the first rewards on October 1.

Experts doubted the economic viability of mining using volcanic energy.

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