El Salvador’s Bitcoin holdings have reached an unrealized profit exceeding $350 million, reflecting a 124% gain on the country’s investment as Bitcoin’s price climbed to $110,000
El Salvador’s Bitcoin holdings have reached an unrealized profit exceeding $350 million, reflecting a 124% gain on the country’s investment as Bitcoin’s price climbed to $110,000. The nation’s Bitcoin treasury recently hit a new all-time high valued at over $670 million. President Nayib Bukele has publicly highlighted the country’s Bitcoin portfolio, emphasizing the long-term conviction behind the investment despite earlier skepticism. This bold strategy contrasts with other countries that sold Bitcoin, and some analysts suggest it could positively impact El Salvador’s credit rating compared to that of the United States.
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