El Salvador’s Bitcoin Holdings Surpass $350 Million in Unrealized Profits with 124% Gain as BTC Hits $110,000

El Salvador’s Bitcoin holdings have reached an unrealized profit exceeding $350 million, reflecting a 124% gain on their investment as Bitcoin’s price climbs to $110,000. The country’s Bitcoin treasury has hit a new all-time high valued at over $670 million. President Nayib Bukele has publicly highlighted the nation’s Bitcoin portfolio, emphasizing the long-term conviction behind the investment despite earlier skepticism. Observers note that El Salvador’s decision to accumulate Bitcoin contrasts with other countries that sold their holdings. Some analysts suggest that this strategy could positively impact El Salvador’s credit rating relative to the United States.

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