El Salvador's President Bukele Sees 40% Surge in Bitcoin Holdings

Thursday, 29 February 2024, 12:46
El Salvador's President Nayib Bukele has announced a significant 40% increase in the country's Bitcoin holdings. If the current bitcoin reserves were liquidated, El Salvador could secure a profit of approximately $41.6 million, accentuating the strategic financial move. This development showcases Bukele's proactive approach towards embracing cryptocurrency as an alternative asset.
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El Salvador's President Bukele Sees 40% Surge in Bitcoin Holdings

El Salvador's President Nayib Bukele Reports:

If El Salvador sold all of the bitcoin in its coffers today, it would bank roughly $41.6 million in profit.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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