El Salvador stocks up on 500 Bitcoin

Nayib Bukele has done it again. As announced by the President of El Salvador via Twitter , the Central American country is buying 500 bitcoins for $15 million at an average price of $30,744.

Together with past purchases , El Salvador holds over 2,000 Bitcoin in its digital treasury.

President Bukele is clearly sticking to his crypto course. Last September, the Latin American state declared Bitcoin the official state currency.

Meanwhile, the country's population seems to be losing enthusiasm for the currency experiment. According to a study by the National Bureau of Economic Research (NBER) , the number of users using the state-owned wallet “Chivo” is only 20 percent.

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