El Salvador’s Bitcoin holdings are worth more than $147 million, with profits exceeding 40%

According to CoinDesk, El Salvador's Bitcoin holdings are worth more than $147 million, with a profit of more than 40%. The country began buying Bitcoin in September 2021. According to an article by the country's president on the X platform, if El Salvador liquidates its Bitcoin holdings now, it will make a profit of nearly $41.6 million, a profit of more than 40%.

President Bukele said the country’s main source of Bitcoin is its citizenship program, which offers accelerated citizenship to those who “donate” BTC to the government (an undefined amount). He also said the country has no intention of selling its Bitcoin. El Salvador’s holdings were accumulated at an average price of $44,292, with a total of 2,381 Bitcoins in the treasury.