El Salvador's Bitcoin Investment Turns Profitable

President Bukele confirms a net gain of $3.6 million, reiterates long-term commitment to Bitcoin despite market fluctuations.

El Salvador's Bitcoin investment is now profitable, with a net gain of $3.6 million, according to President Nayib Bukele.
The country holds 2,762 Bitcoin, with an average price of $42,433.42 and a current market value of over $115 million.
Despite criticism and fluctuations in Bitcoin's value, Bukele reaffirms that El Salvador has no intention of selling and remains committed to its long-term strategy.
El Salvador became the first country to declare Bitcoin as legal tender in 2021 and has been buying one Bitcoin daily since November 2022.
The country's Bitcoin investment strategy has been controversial, but Bukele defends it as a hedge against inflation and a boost for tourism and investment.