El Salvador Buys 21 Bitcoins to Celebrate December 21, 2021

The government of El Salvador continues to celebrate the big day by purchasing more bitcoin, with the country’s president, Nayib Bukele, announcing a new purchase of 21 BTC on Tuesday.

As of this writing, El Salvador's latest bitcoin investment is worth about $1.036 million, which Bukele said was in celebration of "the last 21 of the 21st year of the 21st century" and commemorates bitcoin's scarcity as its supply is limited At 21 million pieces.

The president also noted that the entire area of El Salvador is said to be approximately 21,041 square kilometers, which Bukele said is no coincidence as El Salvador is the first country in the world to adopt Bitcoin as legal tender.

Today is the last 21st day of the 21st century

— Nayib Bukele (@nayibbukele) December 22, 2021

At the time of purchase in El Salvador, BTC was trading at just over $49,000, according to data from CoinGecko.

After the government of El Salvador adopted Bitcoin as legal tender on September 7, buying the first 200 BTC in early September, buying Bitcoin is gradually becoming a way for El Salvador to celebrate different occasions, juggling meaningful dates or numbers.

On November 26th, El Salvador celebrated Black Friday, purchased 100 BTC at a price of about $54,000 per BTC, and held a total of 1,220 BTC.

In October, shortly after Sam Bankman-Fried’s FTX cryptocurrency exchange raised $420 million from 69 investors, the government of El Salvador made a massive purchase of 420 bitcoins. In October, FTX raised $420.69 million in Series B funding.

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