The article discusses the struggles faced by El Salvador after implementing Bitcoin as legal tender. The government's BTC investments are currently underwater due to the president's poorly timed purchases. The government owns 3,124 BTC worth $118.3 million, which is down 6.44% from their initial investment. The exact amount of BTC held by El Salvador is unknown as the bank managing the funds has not provided information. The president's tweets provide an estimate of the BTC investments, revealing that the government bought 550 BTC at an average price of $52,000, which later dropped to $43,000. The president continued to make purchases even as the price fell, believing he was buying the dip. Since November 2022, El Salvador has been purchasing one BTC per day, resulting in a 45% increase in their overall investment. The article also mentions MicroStrategy, whose BTC ownership is verified through financial reports and has seen substantial profits.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.