skip to Main Content
bitcoin
Bitcoin (BTC) $ 94,638.36 0.29%
ethereum
Ethereum (ETH) $ 1,786.79 0.81%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.29 0.97%
bnb
BNB (BNB) $ 604.31 0.01%
solana
Solana (SOL) $ 147.47 1.21%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.178471 1.83%
cardano
Cardano (ADA) $ 0.70292 1.19%
tron
TRON (TRX) $ 0.247747 0.32%

El Salvador’s Bitcoin Investment ‘In the Black,’ Says President Bukele

The president of El Salvador took to the X platform early Monday morning to note his country’s bitcoin (BTC) investment was now profitable by more than $3 million following the crypto’s rally to the $42,000 area over the weekend.

“We have no intention of selling; that has never been our objective,” he added. “We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”

Based on public statements from Bukele, CoinDesk three weeks ago calculated that the country at that time owned roughly 2,744 bitcoins at an average price a bit lower than $42,000 and was sitting on a loss of about $16 million.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top