El Salvador Sitting on $12.6 Million in Unrealized Profits on Bitcoin Investment
El Salvador has realized $12.6 million in profits from its bitcoin investment after being in the red for two years, according to Nayibtracker data. The country purchased 700 BTC between September 2021 and November 2022, with an average cost of $42,440. El Salvador currently holds a total of 2,798 bitcoin worth $131.3 million. Bitcoin has surged by 75% since October, and there is speculation that Argentina may be the next country to adopt it.
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