Bukele and Sun commit to buy one BTC every day, starting from Thursday amid fears that crypto exchange FTX’s recent collapse would prolong the ongoing crypto winter.Read MoreCoinDesk
Bitcoin-holder El Salvador President Nayib Bukele and Justin Sun, the founder of the Tron cryptocurrency network and Grenada’s ambassador, have decided to accumulate bitcoin at a pace of 1 BTC per day.
“We are buying one #Bitcoin every day starting tomorrow,” Bukele tweeted late Wednesday. Soon after, Sun announced a similar plan, mimicking Bukele’s accumulation strategy.
One bitcoin was priced at around $16,500 soon before press time. The cryptocurrency has dropped 76% since hitting a record high of $69,000 on Nov. 10, 2021.
Read more about
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin Magazine Buy a Home With Bitcoin: Coinbase, Fannie Mae Bring Crypto Mortgages to Mainstream…
Bitcoin Magazine MARA Dumps $1.1 Billion in Bitcoin to Repurchase Convertible Notes, Cuts Debt by…
The strategic move cuts debt, reduces dilution risk, and strengthens the balance sheet for expansion…
Your day-ahead look for March 26, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Extended range-bound price action signals structural consolidation rather than a textbook bearish continuation, despite rising…
Bitcoin has clawed its way back toward $70,000 after a sharp slide to roughly $67,000,…