El Salvador sees $50 million in Bitcoin profits after portfolio value exceeds $150 million

El Salvador sees $50 million in Bitcoin profits after portfolio value exceeds $150 million


El Salvador's Bitcoin portfolio has surpassed $150 million and has booked profits of more than $50 million based on the coin's current price of $66,000.

Latest information from BitcoinTreasuries revealed that the Salvadoran government's Bitcoin portfolio now exceeds $150 million, with book profits of more than $50 million. 

El Salvador currently holds a total of 2,381 Bitcoins, with an average price per coin of $44,300. Based on the current market price of $66,000, El Salvador's Bitcoin portfolio is worth $157.1 million.

This was when Bitcoin reached an all-time high (ATH) of $69,170 on March 5. El Salvador's port value soars to $164.7 million 

In September 2021, El Salvador became the first country in the world to designate Bitcoin as a legal tender. After that, many El Salvadorans began periodically buying Bitcoin into their portfolios.

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zulmai khan
zulmai khan

I did my LLM in international law


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