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.

$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.

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