El Salvador's Bitcoin Strategy Yields $100M in Unrealized Profits

Despite initial skepticism, El Salvador's Bitcoin adoption boosts national economy with significant gains.

El Salvador holds nearly 5,932 Bitcoins, valued at over $516 million, marking a $100 million unrealized profit.
President Nayib Bukele's controversial decision to adopt Bitcoin as legal tender in 2021 is showing positive financial outcomes.
Bhutan's Bitcoin holdings have surpassed $1 billion, accounting for more than one-third of its GDP, compared to El Salvador's 1.5%.
El Salvador has been steadily purchasing Bitcoin, including a strategy of buying one Bitcoin daily since late 2022.
The country's improved fiscal situation is evidenced by plans to buy back $2.5 billion of its dollar-denominated debt.