Historic Bet Pays Off: Bitcoin Investment Unrealized Profit Exceeds 124%
El Salvador's President Bukele recently shared on the social platform X the investment performance of the country's Bitcoin purchases. The public sector has accumulated approximately 6,181 BTC since 2021, with an initial investment of around $287 million.
With Bitcoin's recent price breaking through $107,000, the total assets have reached approximately $644 million, with unrealized gains of $357 million, approaching a 124% return on investment.
According to the country's Bitcoin Office, El Salvador's Bitcoin investment has increased unrealized gains by nearly $70 million this year alone.
Ignoring IMF Agreement, Bukele Continues to Buy Bitcoin Unwaveringly
In June 2021, El Salvador became the first country globally to officially adopt BTC as legal tender, sparking international discussion and drawing concern and criticism from the International Monetary Fund (IMF).
Facing pressure from the IMF loan agreement, the El Salvador government passed a bill in January this year, adjusting Bitcoin policy, including allowing private enterprises to optionally accept Bitcoin payments and converting some related activities to "voluntary" measures.
(IMF Can't Stop It! El Salvador Already Holds 6,101 BTC, President Bukele: Keep Buying)
However, Bukele continues to adhere to a "buy the dip" strategy, emphasizing:
When the whole world isolated us, and even many Bitcoin supporters gave up on us, we never stopped. Of course we won't stop now, and we certainly won't stop in the future.
El Salvador's Bitcoin Future: Balancing Policy and Belief
Even though the IMF demands El Salvador restrain or stop its Bitcoin policy in exchange for international financial aid, this national-level crypto bet seems to be gradually generating positive returns.
(El Salvador CUBO AI Project Begins! Ark Founder Cathie Wood Assists in Launching the Course)
Of course, unrealized gains have not yet become realized profits, and market volatility may still pose risks. However, Bukele's tough stance and long-term belief have made El Salvador a "testing ground" for observing the success or failure of Bitcoin policies worldwide.
Moving forward, the market will focus on how the country finds a balance between international financial regulations and crypto beliefs, and whether these book gains will be transformed into substantial national development resources.
Risk Warning
Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
