As Bitcoin booms, President Nayib Bukele’s bold Bitcoin move for El Salvador is back in the black.
El Salvador’s President Nayib Bukele announced on X on Monday that the country’s bold Bitcoin (BTC) investment is back in the black, with a profit exceeding $3 million. The revelation follows Bitcoin’s rally to the $42,000, and now $44,000.
Addressing critics who previously speculated on the supposed losses incurred by El Salvador’s Bitcoin venture, Bukele stated on X, “After literally thousands of articles and hit pieces that ridiculed our supposed losses… with the current Bitcoin market price, if we were to sell our Bitcoin, we would not only recover 100% of our investment but also make a profit of $3,620,277.”
The president accompanied his statement with a screenshot from nayibtracker.com, a website monitoring El Salvador’s Bitcoin portfolio.
El Salvador initiated its Bitcoin acquisition strategy in September…
