LATEST:El Salvador’s Bitcoin Holdings Peak at $164 Million, Profits Surpass $50 Million

El Salvador has hit a financial milestone, with its Bitcoin holdings now valued at over $150 million, according to BitcoinTreasuries. This marks a significant $50 million increase from the initial investment, showcasing the country’s profitable journey in the cryptocurrency market since adopting Bitcoin as legal tender in 2022. President Nayib Bukele, who was recently reelected, has been a staunch advocate for Bitcoin, leading the country to accumulate around 2,380 BTC, valued at $158.5 million. This investment peaked at $164.7 million, a 53% gain over the original cost. Bukele criticized mainstream media for their previous focus on potential losses, pointing out the silent response to the current success. He highlighted the profits from Bitcoin, especially from the citizenship program, affirming El Salvador’s long-term commitment to Bitcoin with a bold statement: “1 BTC = 1 BTC.” This achievement indirectly supports Bitcoin’s viability and success as a strategic investment.

Bitcoin Treasuries 

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