In El Salvador buying Bitcoin is now becoming a trendy way to celebrate special milestones or to explore with significant figures.
El Salvador's government persists to celebrate important events by purchasing more Bitcoin (BTC), with President Nayib Bukele revealing a new 21-BTC purchase on Tuesday.
El Salvador's recent BTC investment, worth about $1,036,000 currently, is to commemorate the "last 21st day of the year 21 of the 21st century" and the shortage of Bitcoin, as its supply is restricted to 21 million BTC, according to Bukele.
El Salvador's overall size is considered to be roughly 21,041 square kilometres, which Bukele believes is no accident considering that El Salvador is the first country in the world to embrace Bitcoin as legal tender.
BTC was just above $49,000 at the time of purchase, according to data.
After the government purchased its first 200 BTC in early September by the adoption of Bitcoin as legal tender on Sept. 7, buying Bitcoin has progressively become a way of celebrating various occasions and playing around significant events or figures in El Salvador.
El Salvador commemorated Black Friday on Nov. 26 by purchasing 100 Bitcoins at a price of around $54,000 each Bitcoin, a total of 1,220 Bitcoins.
In October, soon after Sam Bankman-Fried’s FTX crypto exchange secured $420 million from 69 investors, the Salvadoran government made a huge 420-BTC purchase. According to some industry leaders, both utilised the term "420" to allude to cannabis culture slang for marijuana.