El Salvador’s Bitcoin Bet Pays Off: $357M Paper Profit on $644M Holdings

Nayib Bukele’s high-stakes crypto gamble now sits on a mountain of unrealized gains—proving Wall Street skeptics wrong (for now).

The breakdown: El Salvador’s treasury holds 2,381 BTC purchased at an average $30,744—now worth $644M as Bitcoin flirts with $50K.

Reality check: Those profits could vanish faster than a memecoin rug pull if the market turns. But today? The Bitcoin Beach experiment is printing money while traditional finance clutches its pearls.

Bitcoin’s price momentum remains strong this month, with the market gaining approximatelyso far. Today, Bitcoin even touched a high near—fueling excitement among crypto investors.

A key factor in this bullish trend is, which has generated impressive returns. Recently, El Salvador’s President Nayib Bukele revealed via an X post that the country’s bitcoin holdings have yielded over.

Let’s dive deeper into this developing story.

El Salvador’s Bitcoin Investment Strategy: Key Facts

El Salvador became the, signaling its strong pro-crypto stance. According to El Salvador’s Bitcoin Office, the country currently holds, valued aroundat current prices.

El Salvador’s BTC Holdings: $357 Million Unrealized Profit

President Bukele’s recent X post confirmed the unrealized gains from their Bitcoin holdings:

“Our BTC holdings have generated over $357 million in unrealized profit.”
View Bukele’s post on X

With the BTC price around $102K per token, the total value of El Salvador’s holdings stands at roughly. The country’s initial investment was approximately, meaning their Bitcoin assets have grown by an incredible.

Challenges Facing El Salvador’s BTC Strategy

Despite the gains, El Salvador faces hurdles:

• The country is negotiating a financial package with the International Monetary Fund (IMF), which requires limiting Bitcoin activities.
  
• A law was passed making Bitcoin usage voluntary for the private sector, not mandatory.
  
• Many global critics and some Bitcoin supporters have distanced themselves from El Salvador’s approach.
  

However, President Bukele remains firm in his commitment:

“If it didn’t stop when the world ostracised us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.”

What This Means for Bitcoin’s Future

El Salvador’s successful BTC investment highlights growing acceptance and confidence in Bitcoin as an asset and legal tender. Its experience could influence other countries considering similar moves, especially amid Bitcoin’s current bullish momentum.

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