El Salvador’s pioneering Bitcoin strategy yields massive returns as its national holdings triple in value, potentially reshaping how nations approach sovereign crypto reserves.
El Salvador’s Bitcoin treasury has surged to $760 million as BTC prices break $122,000, delivering nearly triple returns on the nation’s estimated $42,000 average purchase price. The Central American country currently holds 6,237 BTC, maintaining one of the world’s most valuable sovereign crypto reserves despite early criticism from global financial institutions.
President Nayib Bukele’s 2021 decision to make Bitcoin legal tender and accumulate during market lows now shows strategic foresight, with paper profits exceeding most traditional government investments. “This will become a global economics case study,” said Pranav Agarwal of Jetking Infotrain, advocating Bitcoin as a long-term reserve asset for nations.
The milestone comes as Bitcoin gains 3.7% in 24 hours, validating El Salvador’s crypto-forward policies despite ongoing IMF pressure and U.S. scrutiny. Bukele continues expanding the national Bitcoin position while publicly defending the strategy against critics.
CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: Decrypt.