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El Salvador Sitting on $12.6 Million in Unrealized Profits on Bitcoin Investment

El Salvador Sitting on $12.6 Million in Unrealized Profits on Bitcoin Investment

Cointime2024/01/09 15:59
By: Cointime
BTC+0.10%

El Salvador has realized $12.6 million in profits from its bitcoin investment after being in the red for two years, according to Nayibtracker data. The country purchased 700 BTC between September 2021 and November 2022, with an average cost of $42,440. El Salvador currently holds a total of 2,798 bitcoin worth $131.3 million. Bitcoin has surged by 75% since October, and there is speculation that Argentina may be the next country to adopt it.

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.
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