El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter.

• “Some guys are selling really cheap,” he added in his tweet.
• It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy it in smaller chunks to avoid slippage.
• Bitcoin was down about 12% late Friday to the $36,500 level as broader crypto prices also retreated.

https://twitter.com/nayibbukele/status/1484651539587289091?ref_src=twsrc%5Etfw” rel=”nofollow

• The nation now holds over 1,500 BTC and plans to issue a $1 billion, 10-year bitcoin bond this year.
• Bukele has been a consistent dip buyer over the past couple of months in a sign of confidence in the cryptocurrency’s long-term prospects.
• Bitcoin officially became legal tender in El Salvador last September, three months after the country’s legislature passed the Bitcoin Law.

Read more: El Salvador Plans to Offer Crypto-Based Loans for SMEs

UPDATE (Jan. 22, 2022, 1:06 UTC): Adds bullet point on the difficulty of verifying claims on the public blockchain.