El Salvador bought 500 BTC on Monday, according to its president, Nayib Bukele.
"El Salvador just bought the dip," Bukele said in a post on Twitter. "500 coins at an average USD price of ~$30,744."
The South American adopted bitcoin as legal tender last year and has since accumulated the cryptocurrency through a series of announced purchases. Based on past announcements, El Salvador has bought more than 2,000 BTC.