According to Watcher Guru, the El Salvadoran government now holds over 6,000 bitcoins (BTC). The purchase price for these bitcoins is estimated to be around $45,456 per coin, resulting in an unrealized profit of approximately $157 million. This news comes after El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021. Since then, the country has been steadily accumulating bitcoins, despite the cryptocurrency's volatile price. The government's decision to invest in Bitcoin has been met with mixed reactions. Some experts believe that it is a risky move, while others argue that it could be a wise investment in the long term. It remains to be seen how El Salvador's Bitcoin holdings will perform in the future. However, the country's commitment to the cryptocurrency is a clear indication of its belief in its potential.

#BTC