El Salvador's Bukele Says Value of Country's Bitcoin Holdings Up Over 40%
Summary
El Salvador would gain a profit of nearly $41.6 million, or over 40%, if it sold its bitcoin holdings today. The country's president, Bukele, stated that the main source of additional bitcoin is the citizenship program, which expedites citizenship for those who make a bitcoin donation to the government. El Salvador has no plans to sell its bitcoin, which totals 2,381 bitcoins accumulated at an average price of $44,292. The country's bonds have also increased in the past year, with a debt due in 2052 trading above 80 cents on the dollar. Bukele was re-elected in early February with over 85% of the vote. Bitcoin is currently trading above $61,000.
