Nayib Bukele Update on El Salvador Bitcoin Holdings Shows Growing Stack
At the current price just above $70,000, the nation now holds about $400 million worth of bitcoin.
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Nayib Bukele
At the current price just above $70,000, the nation now holds about $400 million worth of bitcoin.
The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes.
The Central American nation moved $400 million in BTC into a cold storage wallet this week.
The country in 2021 became the first nation to adopt bitcoin as legal tender.
El Salvador is sitting on a $12.6 million unrealized profit on its bitcoin investment after being in the red for two years.