El Salvador, which has not officially declared any of its holdings since enacting its cryptocurrency fiat currency last year, is now likely to see unrealized paper losses.
Questions about El Salvador’s bitcoin finances come as the country faces $800 million in debt due in January. Meanwhile, the country’s lawmakers are considering legislation aimed at regulating digital asset providers and issuers, which would help realize its long-awaited plan to issue $1 billion in bitcoin-backed assets using blockchain technology. bond.
According to a post by Nayib Bukele, Salvador has purchased 2,381 bitcoins, not including the one bitcoin per day he announced earlier this month. Beyond that, there are no official or public records of how much El Salvador has spent so far.