“El Salvador just bought on sale! 150 coins at an average price of $ 48,670,” Bukele wrote on Twitter. El Salvador would now have 1,370 BTC after the new purchase.
The International Monetary Fund (IMF) recommended that El Salvador not adopt BTC as legal tender because its volatility implies risks for consumers and the integrity of the financial system of the Central American country.
The body acknowledged that the adoption of BTC, which is used in parallel to the US dollar as legal tender, promotes financial inclusion and economic growth, but warned of possible dangers in the finances of the impoverished nation.