El Salvador: $357 Million BTC Reserve Profits Reached

El Salvador Reaches $357 Million Unrealized Gain on BTC Reserves

20 May 2025 at 08: 04

Reading time: 2 minutes

El Salvador is the first country to Bitcoin (BTC) as legal tender. Under the leadership of President Nayib Bukele, the country has also acquired significant amounts of this digital currency. The results of these investments are now starting to show. At the moment, El Salvador is making a significant profit on paper.

Bitcoin Reserve Rises to $644 Million

President Bukele shared the positive news via his account on X. In his post, he revealed that the total value of El Salvador’s Bitcoin reserves has increased to a whopping $644,4 million. This is a significant jump from the initial investment of $287,1 million. This means that the country currently has an unrealized profit of $357,3 million, which is a return of 124,4% over the past few years.

This strong performance comes despite the agreements made with the International Monetary Fund (IMF). This fund supports countries in ensuring economic stability and has asked El Salvador to phase out some Bitcoin activities. In return for these agreements, the country receives financial support, but Bukele is not being deterred. He has made a smart move by making Bitcoin acceptance for businesses voluntary instead of mandatory. In this way, he meets the conditions of the IMF without neglecting his BTC strategy.

El Salvador drops in rankings

While El Salvador’s Bitcoin holdings are impressive, the country must also acknowledge that there are bigger players in the game. It was recently overtaken by Japanese company Metaplanet, which purchased 19 BTC on May 1.004, bringing its total to 7.800 BTC. This is more than the 6.714 BTC that El Salvador currently holds. For comparison, Michael Saylor’s company, formerly MicroStrategy, holds a whopping 568.840 Bitcoin.

It may seem like a competition, but El Salvador’s journey into the cryptocurrency world has only just begun. Who knows what the future holds?

Frequently Asked Questions

What is the current value of El Salvador's Bitcoin reserves?
The value of El Salvador's Bitcoin reserves has currently risen to $644,4 million.

How Much Bitcoin Does El Salvador Own?
El Salvador currently holds 6.714 Bitcoin.

What is Bukele doing to meet the IMF's conditions?
Bukele has made Bitcoin acceptance voluntary for businesses, allowing him to meet IMF requirements without giving up his BTC strategy.

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