El Salvador's Daily Bitcoin Investment Yields $8 Million Profit

El Salvador, the pioneer in adopting Bitcoin as its official currency, is reaping substantial benefits from its BTC investments. Nayibtracker data reveals a $12.6 million unrealized profit from the Central American country's 2798 BTC holdings.

Bitcoin Boom in El Salvador

El Salvador initiated its Bitcoin investment journey in September 2021, acquiring 700 BTC within two weeks at a cost ranging from $47,250 to $52,670. President Nayib Bukele celebrated the recent success, stating, "We're back to profit."

Daily Bitcoin Purchases Unveiled

On November 18, 2022, President Bukele announced a bold move: the country would buy 1 Bitcoin daily. The average purchase price stood at $27,781, totaling 418 BTC and an $8 million profit.

No Indication of Bulk Purchases

Despite the daily BTC commitments, there's been no announcement of bulk purchases by President Bukele. The total value of El Salvador's Bitcoin assets now stands at $131 million.

El Salvador's venture into daily Bitcoin investments has proven lucrative, showcasing a calculated strategy that continues to yield profits. The nation's decision to embrace cryptocurrency as an official currency seems to be paying off.