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El Salvador, caught between Bitcoin (BTC) and the IMF, is determined! Nayib Bukele announced!
The leading cryptocurrency Bitcoin (BTC) rose to over 107 thousand dollars during the night. However, the BTC price could not maintain these levels and retreated to around 103 thousand dollars.
While BTC has shown quite volatile movements in the last 24 hours, El Salvador has realized an unrealized profit of over 357 million dollars with the recent rise of Bitcoin.
By accepting Bitcoin as legal tender, El Salvador has signed a principle, while continuing to accumulate BTC, its Bitcoin assets have increased by 137 million dollars in the last month, surpassing 644 million dollars.
According to El Salvador President Nayib Bukele's X post, El Salvador's BTC portfolio has appreciated to over 644.4 million dollars compared to the initial investment of 287.1 million dollars.
According to the data, El Salvador currently holds 6,181 BTC worth 644 million dollars. This represents an increase of 137 million dollars in one month.
With this BTC figure, El Salvador ranks just behind the USA, China, the UK, Ukraine, and Bhutan.
President Nayib Bukele announced that despite the agreement with the IMF to halt some Bitcoin activities in the country, he will continue to purchase BTC and added 30 BTC last month despite the restrictions.
As is known, in June 2021, El Salvador became the first country to officially adopt Bitcoin as a legal tender, as proposed by Bukele to promote financial inclusion. Since then, the country has been steadily accumulating BTC.