Summary
- El Salvador has reported surpassing $300 million in unrealized gains from its Bitcoin investments.
- El Salvador has invested approximately $270 million and stated that it has not sold any Bitcoin.
- Since November 2022, El Salvador has been purchasing one Bitcoin daily as part of a dollar-cost averaging strategy.
El Salvador has surpassed $300 million in unrealized gains from its Bitcoin (BTC) investments.
According to Cointelegraph on the 8th (local time), on the 5th, Nayib Bukele, the President of El Salvador, shared El Salvador's Bitcoin portfolio via X (formerly Twitter). The data shows that El Salvador has invested approximately $270 million since adopting Bitcoin as legal tender and has not sold any Bitcoin to date, resulting in unrealized gains exceeding $333 million.
Previously, El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021 and has continued to purchase Bitcoin since then. In November 2022, it announced that it would buy one Bitcoin every day as part of a dollar-cost averaging (DCA) strategy.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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