
El Salvador Bitcoin Holdings Profit Over 40%: President Bukele Emphasizes No Sell-Off Plan
El Salvador Bitcoin Holdings Profit Over 40%: President Bukele Emphasizes No Sell-Off Plan
Salvadoran President Nayib Bukele posted on X, stating that the total value of El Salvador’s Bitcoin holdings is approximately $147 million, with profits exceeding 40% to date. If El Salvador chooses to liquidate its Bitcoin, it will realize a profit of approximately $41.6 million. However, Bukele emphasized that El Salvador currently has no plans to sell its Bitcoin. According to a report by CoinDesk, the average price of Bitcoin holdings in the country is $44,292, with a total of 2,381 Bitcoins held in the treasury.
Bitcoin Momentum Slows! Leverage Risks Mount as Market Eyes Key Support at $110,000
On-Chain Analysis Company Glassnode ReportsOn-chain analysis company Glassnode noted in it…