It is estimated that the cumulative loss of Bitcoin investments in El Salvador has now reached about 40 million US dollars. That’s a little more than the interest the country will pay on its next foreign debt repayment.
In total, the government of El Salvador’s President Bukeley spent about $105 million on Bitcoin BTC -4.89%. Bitcoin has fallen 45% since its initial purchase, reducing the value of its 2,301 Bitcoin holdings to about $66 million.