Salvadoran President Nayib Bukele commented on an article discussing the profitability of El Salvador’s Bitcoin (BTC) investment strategy on the X platform on Tuesday (12th), mentioning other sources of Bitcoin income in the country, indirectly indicating that El Salvador holds more Bitcoin than publicly estimated.
After designating Bitcoin as legal tender in September 2021, the Salvadoran government has been continuously buying Bitcoin and implemented its “buy one Bitcoin per day” plan in November 2022. According to Bukele, El Salvador’s Bitcoin income sources also include revenue from the country’s passport program, local businesses converting Bitcoin to US dollars, mining, and government service income.
According to data tracked by the Nayib Bukele Portfolio Tracker (unofficial), as of the time of this article’s publication, El Salvador’s Bitcoin investment strategy has gained approximately $88.8 million.
Source:
Nayib Bukele Portfolio Tracker
Stacy Herbert, Head of El Salvador’s National Bitcoin Office, commented that the country has been accumulating “sats” (Sat, the smallest unit of Bitcoin) in various ways for two and a half years.
Source of information
Related reports: “Salvadoran Bitcoin Holdings Profit Over 40%, President Bukele Emphasizes No Selling Plan” and “Bitcoin Approaching ATH! Besides El Salvador, Which Other Countries Are Making a Killing?”
