Nayib Bukele, President of El Salvador, announced late last night that the country would be purchasing one bitcoin every day starting today.
The move to dollar-cost-average (DCA) into bitcoin is common in the community, however novel for a nation state.
Currently, the country holds a bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large BTC purchases during times of market volatility and buying the dip.
Outside of just purchasing BTC and holding it on balance for El Salvador, the Bukele administration has fostered the birth of events gathering world leaders from countries all over the world the learn about the financial freedom bitcoin adoption offers.