El Salvador’s Bitcoin Bet Pays Off: $400M Unrealized Gains Fuel National Reserves

El Salvador just turned hodling into a national strategy—and it's working.

The Bitcoin Treasury Boom

President Nayib Bukele’s aggressive BTC accumulation now shows $400 million in paper profits, a figure that'd make even Wall Street's most cynical traders wince. The country’s 2,381 BTC stash—bought at an average of ~$44,300—is currently riding the bull market’s coattails.

Defying the IMF’s Warnings

While the International Monetary Fund keeps clucking about volatility risks, El Salvador’s crypto reserves now represent 4% of its GDP. Take that, traditional finance purists.

The Irony of Unrealized Gains

Of course, these profits only exist until they’re sold—a lesson crypto degens and now sovereign nations are learning in real time. But for now? A masterclass in diamond-handed governance.

Bukele Responds to U.S. Senators’ Bill with Defiance

While celebrating crypto profits, Bukele also took aim at U.S. lawmakers criticizing his Bitcoin policy. On July 9, he mocked a bill introduced by Senate Democrats seeking to probe El Salvador’s Bitcoin strategy. 

The “El Salvador Accountability Act of 2025” seeks to carry out a forensic examination of the nation’s cryptocurrency operations. Under this investigation, major officials would be blacklisted and Bukele’s assets would be frozen. Besides, the aid from organizations like the World Bank and IMF would be suspended under this law. The fifth section of the bill claims it could facilitate corruption and help evade sanctions. 

The proposed investigation WOULD look into wallet addresses, exchange records, and transaction histories. In response, Bukele dismissed the initiative with a cheeky “HAHAHAHAHAHAHA the Dems are just salty” on X.

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