El Salvador’s Bitcoin Holdings Top $644M With 124% Total Gain

El Salvador’s Bitcoin portfolio has expanded to over $644 million. The country has gained over $357 million in unrealized profit. It continues to defy pressure from the IMF on its daily Bitcoin acquisition strategy. El Salvador’s national Bitcoin portfolio reached a valuation of $644.4 million, marking a total gain of 124% on its investment. The country currently reports $357.2 million in unrealized profit from these holdings and, to date, sold no Bitcoin. According to real-time tracking data shared by President Nayib Bukele, the value of El Salvador’s Bitcoin holdings has surpassed $644 million. Since the country began acquiring Bitcoin in 2021, it has realized a total return of 124.39%. Currently, El Salvador’s total investment in BTC is $287,183,812. Realized profit remains at $0, indicating no sales from its holdings. Related: Bitget Becomes 3rd Largest Crypto Exchange by Volume, Expands in El Salvador The latest data also shows a 12.15% increase year to date, adding $69.8 million in value to the portfolio. The recovery in Bitcoin’s price during early 2024 played a key role in this growth, pushing the portfolio’s value from a low of… The post El Salvador’s Bitcoin Holdings Top $644M With 124% Total Gain appeared first on Coin Edition .

Source: Coin Edition