El Salvador’s Bitcoin Bet Pays Off: $357M in Unrealized Gains
7
3
El Salvador’s controversial Bitcoin adoption strategy has turned profitable—on paper at least. The nation’s treasury now holds $357 million in unrealized gains from its Bitcoin purchases, proving even the boldest crypto bets can pay off (or at least look good in an annual report).
President Nayib Bukele’s all-in crypto strategy faced global skepticism when implemented. Now, with Bitcoin’s price resurgence, the move appears prescient—assuming they don’t cash out during the next dip.
Wall Street analysts remain divided: some call it visionary monetary policy, others remind us that unrealized gains funded Tesla’s Bitcoin buys too—right before the 2022 crash.
By:
Previous
Metaplanet Goes Full Bitcoin Whale: Snaps Up 1,004 BTC in $800M Treasury Gamble
Next
Scam Token Posing as Microsoft Plummets 96%—$80M ’Market Cap’ Evaporates Overnight
