🤑Earnings of $BTC from El Salvador exceed 300 million dollars🤑
🐋 The unrealized earnings of El Salvador that exceed 300 million dollars from its Bitcoin purchases occurred when BTC broke the price milestone of USD 100,000.
Salvadoran President Nayib Bukele highlighted the country's unrealized gains from its investments in Bitcoin on social media after the cryptocurrency surpassed 100,000 dollars for the first time.
Bukele's latest update shows that the country has spent nearly 270 million dollars on Bitcoin since its initial adoption of the cryptocurrency. The portfolio shows that no Bitcoin has been sold, and unrealized gains now exceed 333 million dollars.
El Salvador was the first country to adopt Bitcoin as legal tender. On September 7, 2021, the country's Bitcoin Law came into effect, officially making BTC a legally recognized currency for financial exchanges within El Salvador. On September 6, the government also purchased its first 200 BTC.
☝️ Since then, El Salvador has continued to acquire Bitcoin. On November 17, 2022, Bukele announced a dollar-cost averaging (DCA) strategy, committing to buy one Bitcoin daily.
