El Salvador buys 21 Bitcoin to commemorate 21st December 2021

In keeping with its tradition of buying Bitcoin on commemorative dates, El Salvador purchased 21 bitcoin to celebrate a historic date – 21st December 2021.

In a Twitter thread, El Salvadorian president Nayib Bukele first mentioned that the entire size of the nation is ‘21,000 km2’ and that this wasn’t a “coincidence”.

With the #Bitcoin hashtag included, it’s clear that Bukele was referencing and paying homage to the hard-capped 21m total supply of the market-leading asset.

To celebrate “the last 21st day of the year 21 of the 21st century“, Bukele revealed that the nation was purchasing 21 Bitcoin at the precise time of 21:21:21.

“We are buying 21 #bitcoin for the occasion” said the ‘CEO of El Salvador’ on Twitter.

Bukele then provided ‘receipts‘ to confirm the 21 Bitcoin purchase, which based on an approximate Bitcoin price at the time of $49,270, totalled $1.03m.

The nations latest purchase now takes their total Bitcoin holdings to 1,141 BTC – an estimated $56m in total.

El Salvador has continued to purchase Bitcoin at every ‘dip’ opportunity, with its most recent purchase of 420 BTC on October 27th coming at a time when the nation faced criticism for its use of Bitcoin throughout the country.

Since making Bitcoin ‘legal tender‘ in June, El Salvador has made great strides in adoption, including volcano-powered Bitcoin Mining, using Bitcoin profits to build a new veterinary hospital and introducing a novel ‘Bitcoin Bond‘ to further develop infrastructure throughout the nation.

El Salvador is also expanding on incentivising Bitcoin use through events like ‘Bitcoin Day‘ and expanding on what can be bought with Bitcoin.