El Salvador’s Bitcoin Portfolio Surges: President Bukele Reveals $270 Million Investment as Bitcoin Hits $100,000

In a recent update from COINOTAG News dated December 8, Salvadoran President Nayib Bukele revealed significant developments regarding the nation’s Bitcoin investment via social media. This announcement coincided with Bitcoin’s remarkable milestone of surpassing $100,000. According to the information shared, El Salvador’s Bitcoin portfolio has reportedly amassed an investment of approximately $270 million, yielding an impressive unrealized gain exceeding $333 million.

The data compiled by Nayib Tracker indicates that El Salvador now holds a total of 6,180 bitcoins, with an average acquisition cost of $44,739.88 per BTC. This strategic approach has culminated in a return on investment of an impressive 122%. Such statistics underscore the potential benefits of integrating cryptocurrencies into national fiscal frameworks, as exemplified by El Salvador’s bold moves in the rapidly evolving crypto landscape.