El Salvador holds more than $155 million in Bitcoins, and the president says he will not sell them
According to the Independent, Salvadoran President Bukele stated that despite profits exceeding 50%, the country has no plans to sell its large holdings of Bitcoin. This Central American country became the world's first to adopt Bitcoin as its official currency in 2021 and has also invested national funds in the asset. Currently, El Salvador holds approximately 2,380 Bitcoins, purchased at an average price of $44,300, now worth over $155 million. Under El Salvador's Bitcoin law, every Salvadoran is eligible for $30 worth of free Bitcoin to encourage adoption.
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