The El Salvador Bitcoin purchasing spree continues, as President Nayib Bukele reportedly revealed that the nation completed the acquisition of 420 more BTC in the recent price drop. 

Specifically, President Bukele reportedly took it to Twitter to inform details of his government’s initiative to “buy the dip” and “It was a long wait, but worth it”. Previously, he shared that the nation is “making a profit” from the amount of Bitcoin they bought not long ago. 

During the time between the tweets, the value of the nation’s Bitcoin experienced a slight growth, by approximately 0.4% or $100K.

“How do we make a profit if 1 #BTC= 1 #BTC? We have a trust fund account in USD, but the trust is funded by both USD and BTC. When the BTC part revalues in comparison to the accounting currency (USD), we are able to withdraw some USD and leave the trust with the same total”. 

Several online Redditors have reportedly linked the El Salvador recent Bitcoin purchase with reference to the 420 sign of marijuana consumption. 

“I’m starting to believe he’s doing this on purpose. Actually, now that I check he was born in 1981 so he probably is. Funny to see the results of millennials starting to inherit the world.” Reddit user EGarrett reportedly remarked. 

On the other hand, a few Redditors from the US expressed concerns over how the US is trailing behind on the race to purchase Bitcoin with El Salvador or any other countries. 

“It is absurd that the United States is being outcompeted by El Salvador for who owns more bitcoin. Our national policy should be to match every single BTC purchase that is made by a foreign government. The next competition won’t be the number of nukes, but how much bitcoin you own.”

The purchase reportedly helped El Salvador’s amount of Bitcoin reach 1,120 – equivalent to around $87.4 million USD.