El Salvador's Bitcoin Investment Yields $11.76 Million in Unrealized Gains

Bitget App

Trade smarter

Cointime2024/01/10 01:48

By:Cointime

El Salvador has seen impressive unrealized gains of $11.76 million from its investment in Bitcoin, marking a significant shift from initial losses. The country acquired 700 BTC in September 2021 and now holds a total of 2,798 Bitcoin valued at approximately $130.5 million. El Salvador's success in the Bitcoin market aligns with the global surge in Bitcoin prices, which have risen 75% since October, largely due to the anticipation surrounding the potential approval of a spot Bitcoin ETF in the United States. The country's investment in Bitcoin serves as an important case study in the cryptocurrency market dynamics and sets a precedent for other nations considering similar investments in digital assets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.

Cryptopolitan•2025/04/28 21:22

Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets

Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

Cryptopolitan•2025/04/28 21:22