Bitcoin breaks above $52K as El Salvador makes first buys

El Salvador has become the first sovereign nation to stack sats (at least publicly so), with President Nayib Bukele a few hours ago announcing the purchase of 200 bitcoins. One hour ago, Bukele announced the purchase of another 200 coins (BTC-USD), bringing the total to 400. The buys come ahead of Bitcoin officially becoming legal tender in El Salvador tomorrow. The price of bitcoin (BTC-USD) added to weekend gains this evening, rising as high as $52.8K. It's currently changing hands at $52.5K. It was three months ago (and with the price at $35K) that Bukele made a surprise appearance at Miami's Bitcoin 2020 conference to announce plans to make the crypto legal tender in his country.