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With the price of bitcoin (BTC) surpassing USD 40,000, the cryptocurrencies held by the government of El Salvador are already in profit.
To date, the investments made by the government of Nayib Bukele, for the last two years, have an unrealized profit percentage of 3.2%, according to the calculations of the tracker of the Nayib Bukele Portfolio Tracker site.
In this way, the 3,144 bitcoins handled by El Salvador in a matter of 6 days went from the initial cost of USD 127.2 million (with losses of 6%) to USD worth 131.4 million. Earnings in this time are estimated at USD 4.1 million.
The figures show a recovery in El Salvador's institutional investment, after the losses suffered throughout 2021 and 2022 when holdings depreciated by 47% and losses were estimated at more than $53 million.