Salvadoran Bitcoin Investment Soars Over 40%: President Bukele Silences Skepticism

As Bitcoin briefly surpassed $64,000, Salvadoran President Nayib Bukele stated that current BTC holdings have profited over 40%, and taunted the experts who doubted them, now left speechless…
(Prior summary:
Bitcoin President Bukele successfully reelected! El Salvador solidifies the path to Bitcoin fiatization.
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(Background supplement:
El Salvador’s “$1 billion Bitcoin volcano bond” set to launch in early 2024! Issued through Bitfinex.
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El Salvador, which considers Bitcoin as legal tender, has introduced multiple Bitcoin policies under the active promotion of President Bukele, including the development of wallets, a $1 billion Bitcoin bond, investment citizenship programs, and more.
Salvadoran President: Bitcoin holdings with a 40% gain, won’t sell!
Amidst Bitcoin’s surge of over 10%, breaking $64,000 today (29th), Bukele took the opportunity to mock the media for reporting numerous articles predicting losses for El Salvador when Bitcoin prices were low, but remaining silent when the prices rose:
Kraken, a U.S. exchange that shares the same faith in Bitcoin, responded, “You had a vision and stuck with it. Thank you for being a Bitcoin pioneer and accelerating adoption!”
In fact, this is not Bukele’s first public discussion about the profitability of El Salvador’s Bitcoin holdings. In December last year, when Bitcoin prices briefly exceeded $42,400, he announced that El Salvador’s Bitcoin holdings had gained over $3.6 million in profit and emphasized their long-term investment strategy.
At the time, he also challenged the media, saying, “If you are true journalists, you should report the fact that we achieved profit with the same intensity as you reported our losses.” Data from NayibTracker shows that the country currently holds 2,849 Bitcoins, with an average purchase cost of $42,504.71, resulting in an unrealized profit of $54.129 million and a floating profit of 44.7%.
Matching MicroStrategy’s Founder’s Stance
Aligning with Bukele’s position, MicroStrategy’s founder, Michael Saylor, who recently announced the purchase of an additional 3,000 Bitcoins on the 26th, persisted in his belief during a recent Bloomberg interview when asked if he would sell Bitcoin for cash:
Meanwhile, yesterday, Michael Saylor once again urged, “Do not sell your Bitcoin.”
Currently, MicroStrategy continues to dominate as the top holder of Bitcoin among publicly traded companies, with a total holding of 193,000 BTC and an unrealized profit of $5.77 billion.


MicroStrategy’s total Bitcoin holdings of 1.93 million coins are over 12 times more than the second-ranked mining company, Marathon. Source: Bitcoin Treasuries.


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El Salvador opens “Bitcoin City Airport” with a total cost of $350 million, powered by volcanic geothermal energy.
El Salvador’s Bitcoin investment turns losses into gains, earning $3.6 million! President Bukele: Those who mocked us should apologize.