El Salvador's bitcoin bet has generated over $357 million in unrealized profit, according to a social media post by President Nayib Bukele. The profit reflects bitcoin's latest rally, which is approaching its previous record-high of $108,786.

Based on the screenshot shared by Nayib Bukele in his social media post on X, El Salvador's BTC portfolio was valued at over $644.4 million, compared to an initial investment of $287.1 million. This reflects an unrealized profit margin of 124.4%, with $69.8 million in unrealized gains generated so far this year.

El Salvador currently holds roughly 6,181 BTC, worth about $639 million at the time of writing, according to the country's bitcoin office.

In June 2021, El Salvador became the first country to formally adopt bitcoin as a legal tender, as proposed by Bukele, in order to promote financial inclusion. Since then, the country has been steadily accumulating bitcoin.

it seems Bitcoin go Bearish but what market goes it would be no anyone know about market.