El Salvador’s strategy of buying 1 Bitcoin a day has paid off. Since November 18, 2022, the government has purchased 1 BTC a day, bringing the total to 969 Bitcoin.
The $54.15 million investment is now worth $115.18 million. BTC purchased at an average price of $55,886 currently represents an unrealized profit of 113%. The government’s total Bitcoin holdings have reached 6,236 BTC, worth approximately $740 million.
El Salvadoran President Nayib Bukele continues to defend his country’s cryptocurrency policies and downplay criticism. He has recently targeted the “El Salvador Accountability Act of 2025,” a bill introduced by US Democratic Senators Tim Kaine, Chris Van Hollen, and Alex Padilla.
The bill aims to investigate whether the Salvadoran government is using cryptocurrencies as a “tool of regime corruption” and freeze the country’s assets if necessary. Bukele responded to the proposal with a sarcastic post on the social media platform X.
Bukele has previously targeted numerous authorities on social media, including the International Monetary Fund (IMF) and the Venezuelan government. This time, he targeted US senators and didn’t hold back from belittling those who criticized his policies.
Bukele’s responses aren’t limited to social media. His recent rapprochement with former US President Donald Trump is also noteworthy. Trump supported the detention of some deportees from the US in El Salvador’s mega-prison. This development suggests a new shift in Bukele’s foreign policy stance.
*This is not investment advice.