El Salvador’s pioneering investment in Bitcoin has reached a new milestone. The nation’s El Salvador Bitcoin holdings are now valued at approximately $775 million, generating over $482 million in unrealized profits as BTC hits a new all-time high.
Details of the El Salvador Bitcoin Portfolio
President Nayib Bukele recently shared the portfolio’s status. The country holds 6,246 BTC, which have appreciated by 162% since 2022.
Furthermore, the government has proactively managed its assets. For instance, it recently redistributed 6,274 BTC across 14 separate wallets to enhance security and mitigate risks like potential quantum computing threats.
Bitcoin’s Rise as a Top Global Asset
The success of the El Salvador Bitcoin strategy coincides with BTC’s ascent to becoming the 7th largest asset globally, with a market cap of $2.5 trillion. This places it ahead of corporate giants like Meta and traditional stores of value like silver.
This milestone was achieved as Bitcoin’s price surged to a new all-time high of $125,500, fueled by institutional ETF inflows and widespread “Uptober” optimism.
Looking Ahead: A Bitcoin Hub
El Salvador continues to embrace its role as a Bitcoin innovator. The government will host “Bitcoin Histórico” in November, the world’s first state-backed BTC conference.
Analysts at Standard Chartered predict further gains, suggesting Bitcoin could reach $200,000 by late 2025. Therefore, the El Salvador Bitcoin treasury may see even greater profits in the future.
