El Salvador’s Bitcoin holdings have zoomed past P40 billion, reaching an all-time high of $750 million.
The country has more than doubled its initial investment after purchasing most of its holdings below $50,000 per Bitcoin.
El Salvador President Nayib Bukele pushed the country forward by accumulating Bitcoin for its national treasury a few years ago. At the time, the move was seen as dangerous by many world financial institutions.
However, the President’s insight and financial acumen has paid off handsomely.
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