Following the cryptocurrency’s surge to $42,000 over the weekend, the president of El Salvador announced on the X platform early on Monday morning that his nation’s bitcoin (BTC) investment was now profitable by more than $3 million.
“We have no intention of selling; that has never been our objective,” he stated. “We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”
t was estimated that the nation at one point held about 2,744 bitcoins at an average price slightly less than $42,000 and was sitting on a loss of roughly $16 million based on public statements from Bukele.