The Government of El Salvador is buying Bitcoins to celebrate different occasions or is playing around with important figures. It continued buying more Bitcoin to commemorate significant days, and president Nayib Bukele announced a new purchase of 21 Bitcoins on Tuesday.
President Nayib Bukele said that El Salvador’s latest Bitcoin investment is to celebrate the last 21st day of the year21 of the 21st century. It will also commemorate the scarcity of Bitcoin as its supply is limited by 21 million Bitcoins (BTC).
Bukele also noticed that El Salvador’s total size is approximately 21,041 square kilometers. Nayib Bukele made a tweet in which he mentioned that this wasn’t a mere coincidence. Earlier in September, El Salvador had become the first country to make Bitcoin a legal tender.
El Salvador had done a similar thing by buying 100 Bitcoins on November 26th to celebrate Black Friday.
The Crypto Market kept on the recovery track after around a month of witnessing a blood bath. Most of the cryptocurrencies were up on Wednesday.
Bitcoin traded at 48,815.77, up 0.36% in the last 24 hours at the time of writing. Other cryptocurrencies like Ethereum, Tether, Binance Coin, etc., were also up by a small margin.
Terra (LUNA) was up around 10%, trading at $92.78, up 64.63% in the last seven days. Polkadot (DOT) was also up, trading at $27.24 (+8.86% in the previous 24-hours).
Shiba Inu (SHIB) crossed the double-figure percentage and was up by 13.59%, while Dogecoin (DOGE) traded at $0.1749, up 3.10% in 24-hours.
Polygon (Matic) was also up for consecutive days and traded at $2.63, up 12.14% in 24-hours, and 38.05% in the last seven days at the time of writing the article.