Bitcoin

Elon Musk

<ul class="wp-block-list news-points">
 <li><strong>El Salvador’s Bitcoin portfolio reaches $603M, yielding a $333M unrealized profit.</strong></li>
 <li><strong>Bitcoin surpasses $100K, contributing to a 117.7% portfolio growth this year.</strong></li>
 <li><strong>President Bukele celebrates the success, with Elon Musk praising the strategy as “impressive.”</strong></li>
</ul>
<p>El Salvador President Nayib Bukele is proudly celebrating the success of the country’s Bitcoin strategy, responding to critics as its Bitcoin reserve reaches an unprecedented valuation. This comes as Bitcoin <a href="https://coinedition.com/bitcoin-breaks-100k-whats-next/" rel="noopener noreferrer nofollow">finally surpasses the highly anticipated $100K mark.</a></p>
<p>In a <a href="https://x.com/nayibbukele/status/1864506095131144278" target="_blank" rel="noopener noreferrer nofollow">post</a> on X today, Bukele revealed specific details about El Salvador’s Bitcoin portfolio, showing that the country now holds $603.34 million in Bitcoin. Notably, El Salvador spent $269.74 million to acquire its Bitcoin reserve. Accordingly, the country is sitting on an unrealized profit of $333.60 million after holding the assets for three years.</p>
<p>A significant portion of these gains happened this year, with the portfolio growing by 117.7% since January. This closely aligns with Bitcoin’s year-to-date growth of 141%.</p>
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<h2 class="wp-block-heading" id="h-el-salvador-s-bitcoin-strategy-journey">El Salvador’s Bitcoin Strategy Journey</h2>
<p>When El Salvador first adopted Bitcoin in 2021, the country faced resistance. Cri…</p>
<p>The post <a href="https://coinedition.com/bukeles-bitcoin-strategy-pays-off-reaps-333m-profit-for-el-salvador/" rel="noopener noreferrer nofollow">Bukele’s Bitcoin Strategy Pays Off: Reaps $333M Profit for El Salvador</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bukele’s Bitcoin Strategy Pays Off: Reaps $333M Profit for El Salvador

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