El Salvador picks up 500 Bitcoin as crypto market crashes

One of the most crypto-friendly countries in the world, one which accepts Bitcoin as legal tender, El Salvador is taking advantage of the big dip in the wider crypto market to pick up 500 more bitcoins for its reserves. The country is said to have bought these 500 BTC at an average price of $30,744, and total value of about $15.5 million. With this purchase, El Salvador government is now the holder of over 2,300 bitcoins. The country is said to keep accumulating on dips, as is the case with a lot of major crypto HODLers globally.