El Salvador President Claims the Country’s Bitcoin Investment Has Gained $3.62 Million, Vows to Continue “HODLing”

El Salvador President Claims the Country's Bitcoin Investment Has Gained $3.62 Million, Vows to Continue "HODLing"

El Salvador President Claims the Country's Bitcoin Investment Has Gained $3.62 Million, Vows to Continue "HODLing"

Salvadoran President Nayib Bukele expressed on Monday (4th) on the X platform that the Salvadoran government’s Bitcoin investment has a floating profit of approximately $3.62 million, calculated at the market price of $41,631.3 per Bitcoin (BTC).

Bukele also stated that El Salvador has no intention of selling Bitcoin, as it has never been their goal. According to charts released by Bukele today, the Salvadoran government continued to buy Bitcoin during last year’s bear market and will start implementing the “buying one Bitcoin per day” plan in mid-November 2022. Currently, El Salvador’s average cost of Bitcoin purchases using the Dollar-Cost Averaging (DCA) method is approximately $40,479.

Related report: “Salvadoran President: We will start buying one Bitcoin per day from tomorrow.”