Key Takeaways
- With Bitcoin price soaring high, El Salvador’s Bitcoin holdings have generated more than $399.87 million in profits, reaching a portfolio value of $691.6 million without selling any Bitcoin.
- The country’s president, Nayib Bukele, began accumulating Bitcoin in 2021, and has invested a total of $291.72 million to date.
- Bukele has dismissed U.S. criticism about his Bitcoin policy and Senate’s proposed legislation targeting El Salvador’s Bitcoin reserve.
El Salvador Scores 137% Profit Amid Crypto Rise
As Bitcoin hit its all-time high of over $112,000, El Salvador’s President Nayib Bukele revealed that the country’s Bitcoin holdings generated $399.87 million in unrealized gains. This means that country’s portfolio soared by a whopping 137.07 % without selling a single Bitcoin.
The disclosure came via a post on X, showing that El Salvador’s crypto reserve now values at $691.60 million — the highest ever achieved by the nation’s bitcoin reserve. Under Bukele’s leadership, El Salvador began accumulating Bitcoin in 2021 and has since invested a total of $291.72 million.
Bold Rebuttal to U.S. Critics
The crypto gains came just hours after Bukele took a swing at U.S. lawmakers, ridiculing a new bill introduced by Senate Democrats aimed at scrutinizing his Bitcoin experiment.
The proposed “El Salvador Accountability Act of 2025” calls for a comprehensive forensic audit of the country’s cryptocurrency activities. If the investigation uncovers evidence of corruption, misuse of funds or violations of international financial standards, the act authorizes the imposition of severe penalties. These may include freezing the assets of senior officials, placing President Bukele on a personal sanctions list, and suspending financial assistance from global institutions such as the International Monetary Fund (IMF) and the World Bank.
In his twitter post, Bukele, unfazed, fired back on the Senate Proposal with a mocking post: “HAHAHAHAHAHAHA the Dems are just salty…”
Strategic Foresight Validated
Bukele has long believed that using Bitcoin can help improve El Salvador’s economy in several ways. He says it can make it cheaper and faster for people living abroad to send money home, and encourage foreign businesses to invest, among many other things. He believes that because there is a limited amount of Bitcoin that can ever exist, its value may go up over time, unlike the U.S. dollar, which can lose value due to inflation. This could give El Salvador long-term financial benefits.
El Salvador supports Bitcoin through different programs. It runs a citizenship-by-investment program that allows applicants to obtain citizenship by investing using Bitcoin. Businesses in El Salvador can easily exchange their Bitcoin holdings into U.S. dollars using an official government-run platform, ensuring smooth and secure currency conversion. The country is also mining Bitcoin using geothermal energy from volcanoes. Bukele has pledged to continue buying one Bitcoin daily until “Bitcoin becomes unaffordable with fiat currencies.”
He has recently revealed the government’s Bitcoin address for the first time, stating that Bitcoin is held in a state-run “piggy bank” style cold storage vault.
Although Bukele’s Bitcoin strategy was initially met with controversy, it now seems to be justified. If global adoption continues accelerating, El Salvador’s massive early investment could position it as the world’s first Bitcoin-rich nation.
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