El Salvador president Nayib Bukele, who recently began a six-month leave from office in order to focus on his reelection campaign, has stated that El Salvador’s Bitcoin (BTC) investment has turned profitable due to Bitcoin’s recent surge past $41,000.

Bukele wrote.

“El Salvador’s Bitcoin investments are in the black. With the current Bitcoin market price, if we were to sell our Bitcoin, we would not only recover 100% of our investment but also make a profit of $3,620,277.13 (as of this moment).”

However, data from NayibTracker, a data aggregator monitoring El Salvador’s Bitcoin holdings, contradicts Bukele’s statement, showing the Central American country’s BTC holdings at an unrealized loss of $2.15 million.

Per the site, the country’s average BTC purchase price is $42,434, while the top cryptocurrency t

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Author: Oluwapelumi Adejumo

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