El Salvador’s Bitcoin reserves show $357 million in unrealized profits

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MarsBit
05-19
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According to the latest news, El Salvador's Bitcoin reserves have gained approximately $357 million in profit. Since beginning to purchase Bitcoin in 2021, El Salvador has achieved significant appreciation of Bitcoin held through its national treasury. The country is the first globally to adopt Bitcoin as legal tender, aiming to promote economic development and financial inclusivity. Despite Bitcoin's high price volatility, the El Salvador government remains optimistic about its long-term value and plans to continue exploring cryptocurrency applications in the economy.

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