El Salvador’s Bitcoin Bet Is Up Nearly $400M; Now It Faces US Sanctions
- El Salvador’s Bitcoin portfolio hits $691M with no realized gains reported.
- U.S. Senate bill seeks probe into Bukele’s Bitcoin use and possible legal violations.
- Bitcoin’s surge above $112K drives major spike in El Salvador’s crypto holdings.
In a defiant public display, El Salvador’s President Nayib Bukele has posted the country’s growing Bitcoin portfolio on the social media platform X, shortly after a new U.S. Senate bill proposed potential sanctions against his administration for its handling of the digital asset.
The portfolio, valued at over $691 million, shows an 86.57% gain over the original investment and records zero realized profits to date, according to data from the tracking service DropsTab.
— Nayib Bukele (@nayibbukele) July 9, 2025
$400 Million Profit as a Political Statement
According to the dashboard Bukele displayed, El Salvador’s Bitcoin holdings have appreciated significantly over the past year. The country’s initial investment of $291.72 million has now grown to a total value of $691.60 million. This has produced an unrealized, or “paper,” profit of $399.88 million.
Related: El Salvador …
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El Salvador’s Bitcoin Bet Is Up Nearly $400M; Now It Faces US Sanctions
- El Salvador’s Bitcoin portfolio hits $691M with no realized gains reported.
- U.S. Senate bill seeks probe into Bukele’s Bitcoin use and possible legal violations.
- Bitcoin’s surge above $112K drives major spike in El Salvador’s crypto holdings.
In a defiant public display, El Salvador’s President Nayib Bukele has posted the country’s growing Bitcoin portfolio on the social media platform X, shortly after a new U.S. Senate bill proposed potential sanctions against his administration for its handling of the digital asset.
The portfolio, valued at over $691 million, shows an 86.57% gain over the original investment and records zero realized profits to date, according to data from the tracking service DropsTab.
— Nayib Bukele (@nayibbukele) July 9, 2025
$400 Million Profit as a Political Statement
According to the dashboard Bukele displayed, El Salvador’s Bitcoin holdings have appreciated significantly over the past year. The country’s initial investment of $291.72 million has now grown to a total value of $691.60 million. This has produced an unrealized, or “paper,” profit of $399.88 million.
Related: El Salvador …
The post El Salvador’s Bitcoin Bet Is Up Nearly $400M; Now It Faces US Sanctions appeared first on Coin Edition.
Read More
House Democrats Launch ‘Anti-Crypto Corruption Week’ to Oppose GOP Legislation