El Salvador’s Bitcoin holdings are currently valued at $51.5 million, and the country has invested $104 million in Bitcoin for its treasury since it became legal tender last September. That means El Salvador’s Bitcoin holdings have now lost $52.5 million.
It is reported that the country’s President Nayib Bukele bought 10 Bitcoins, holding a total of 2,301 Bitcoins, with an average purchase price of $45,171.
Earlier in the news, El Salvador’s Finance Minister Alejandro Zelaya stated that the loss of Bitcoin poses a minimal risk to the country’s financial situation, noting that the amount is less than 0.5% of the government’s budget.
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