Salvadoran President Reveals Diverse Bitcoin Revenue Sources, Hinting at Country’s Holdings Exceeding External Estimates

Salvadoran President Reveals Diverse Bitcoin Revenue Sources, Hinting at Country's Holdings Exceeding External Estimates

Salvadoran President Reveals Diverse Bitcoin Revenue Sources, Hinting at Country's Holdings Exceeding External Estimates

Salvadoran President Nayib Bukele commented on a post on the X platform on Tuesday (12th), discussing the profitability of El Salvador’s Bitcoin (BTC) investment strategy. The article mentioned other sources of Bitcoin income for the country, indirectly indicating that El Salvador possesses more Bitcoin than publicly estimated.

After designating Bitcoin as legal tender in September 2021, the Salvadoran government has continuously purchased Bitcoin and implemented its “one Bitcoin bought per day” plan since November 2022. According to Bukele, El Salvador’s Bitcoin income sources also include revenue from the country’s passport program, local businesses converting Bitcoin to USD, mining, and government service income.

According to data tracked by the Nayib Bukele Portfolio Tracker (unofficial) as of the time of this article’s publication, El Salvador’s Bitcoin investment strategy has a paper profit of approximately $88.8 million.

Source:
Nayib Bukele Portfolio Tracker
Stacy Herbert, Head of El Salvador National Bitcoin Office, commented:
The X account of the El Salvador National Bitcoin Office also posted, stating that the country has been accumulating “sats” (Sat, the smallest unit of Bitcoin) in various ways for two and a half years.

Data source:
Related reports:
“El Salvador Bitcoin Holdings Profit Over 40%, President Bukele Emphasizes No Selling Plan”
“Bitcoin Approaching ATH! Besides El Salvador, Which Other Countries Are Profiting?”