El Salvador's Bitcoin Holdings Yield $357 Million in Potential Profit

El Salvador's investment in bitcoin has seen a potential profit of over $357 million, according to President Nayib Bukele. Bitcoin's price rally, nearing its peak of $108,786, has significantly increased the value of these holdings. Bukele shared a social media post showing the country's BTC portfolio valued at over $644.4 million, up from an initial $287.1 million, marking a 124.4% unrealized profit margin and $69.8 million in gains this year. El Salvador, with 6,181 BTC worth about $639 million, began adopting bitcoin as legal tender in June 2021. Despite some international pushback and IMF agreements limiting bitcoin activities, Bukele continues to advocate for bitcoin. Recently, bitcoin's price reached $103,643, spurred by renewed investor confidence and potential resolution of the U.S.-China trade dispute.