El Salvador’s Bitcoin Investments Turned Profitable, Bukele Says

From bnnbloomberg.ca

El Salvador’s Bitcoin investments turned profitable after the recent rally in the cryptocurrency, according to Nayib Bukele, who is running for reelection. Bukele, who stepped down as president last week to focus on the campaign, said on X the country’s Bitcoin investments are up 2.84%, netting the country $3.6 million in profit. He said the government has no intention of selling its Bitcoin and will hold its position as part of a long-term strategy. The price of Bitcoin rose above $42,000 on Monday, extending its rally this year to more than 150%. El Salvador was the first country in the world to adopt Bitcoin ... (full story)