El Salvador Bitcoin Investment Reached Over $125M in Profits
Key Points:
- El Salvador Bitcoin investment has reached over $125 million in profits, driven by Bitcoin’s surge to a record $84,000, marking a 91% return on investment.
- The country, which adopted Bitcoin as legal tender in 2021, now holds 6,153 BTC, valued at approximately $482.6 million.
The El Salvador Bitcoin investment has finally borne fruit, as the nation’s investments blow past $125 million in profits with Bitcoin continuing a record-breaking rally.
Read more: El Salvador’s Bitcoin Certification Program for Officials
El Salvador Bitcoin Investment Makes $125 Million Profit Amid Market Rally
The feat underpins the attitude of the country toward cryptocurrency, which it started when it adopted Bitcoin as a legal tender in 2021, becoming the first country in the world to do so.
According to the Nayib Bukele Portfolio Tracker, the country holds 6,153 BTC, valued at 482.6 million dollars as of November 11. The returns have increased rapidly after Bitcoin’s recent all-time high price reached $84,000 on the back of post-election market optimism in the United States. El Salvador Bitcoin investment strategy, conceived by President Nayib Bukele, has seen an incredible 91% return on the nation’s Bitcoin holdings.
El Salvador has been conducting a dollar-cost-averaging investment strategy, buying one Bitcoin every day since November 2022 at an average price of less than $42,000.
MicroStrategy Increases Bitcoin Holdings with $2 Billion Investment
Along with El Salvador, US-based MicroStrategy, one of the biggest corporate investors in Bitcoin, announced yet another purchase of 27,200 BTC acquired between 31 October and 10 November. The firm paid more than $2 billion at an average price of $74,463 per coin.
MicroStrategy’s Bitcoin reserve jumped to 279,420 BTC. Its stock went into free-fall initially but rebounded close to 30% following the announcement of plans for a $42 billion raise in order to go further into crypto assets.
| DISCLAIMER: The information on this website is provided as general market commentary and. does not constitute investment advice. We encourage you to do your own research before investing. |
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El Salvador Bitcoin Investment Reached Over $125M in Profits
Key Points:
- El Salvador Bitcoin investment has reached over $125 million in profits, driven by Bitcoin’s surge to a record $84,000, marking a 91% return on investment.
- The country, which adopted Bitcoin as legal tender in 2021, now holds 6,153 BTC, valued at approximately $482.6 million.
The El Salvador Bitcoin investment has finally borne fruit, as the nation’s investments blow past $125 million in profits with Bitcoin continuing a record-breaking rally.
Read more: El Salvador’s Bitcoin Certification Program for Officials
El Salvador Bitcoin Investment Makes $125 Million Profit Amid Market Rally
The feat underpins the attitude of the country toward cryptocurrency, which it started when it adopted Bitcoin as a legal tender in 2021, becoming the first country in the world to do so.
According to the Nayib Bukele Portfolio Tracker, the country holds 6,153 BTC, valued at 482.6 million dollars as of November 11. The returns have increased rapidly after Bitcoin’s recent all-time high price reached $84,000 on the back of post-election market optimism in the United States. El Salvador Bitcoin investment strategy, conceived by President Nayib Bukele, has seen an incredible 91% return on the nation’s Bitcoin holdings.
El Salvador has been conducting a dollar-cost-averaging investment strategy, buying one Bitcoin every day since November 2022 at an average price of less than $42,000.
MicroStrategy Increases Bitcoin Holdings with $2 Billion Investment
Along with El Salvador, US-based MicroStrategy, one of the biggest corporate investors in Bitcoin, announced yet another purchase of 27,200 BTC acquired between 31 October and 10 November. The firm paid more than $2 billion at an average price of $74,463 per coin.
MicroStrategy’s Bitcoin reserve jumped to 279,420 BTC. Its stock went into free-fall initially but rebounded close to 30% following the announcement of plans for a $42 billion raise in order to go further into crypto assets.
| DISCLAIMER: The information on this website is provided as general market commentary and. does not constitute investment advice. We encourage you to do your own research before investing. |
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