$677.8 million in bitcoin in the country's current balance shows significant profit since the beginning of the strategy.
Nayib Bukele smiling (Photo/X)
In a post on his X account last Thursday (22), the president of El Salvador, Nayib Bukele, presented the country's profits from bitcoin, which have already surpassed $600 million.
This is because, with $677.8 million in the country's current balance, El Salvador has already managed to achieve profits of 132% on its position.
Moreover, the profits amount to more than 50% of the balance, showing that the recent rise in bitcoin has helped the Latin American country profit even more.
Profits of El Salvador with bitcoin on May 22, 2025 (X).
Accompanied by the photo revealing the new profit position of his country, President Bukele also joked with a catchphrase from the financial market. 'They said, 'don't take screenshots, get profits,' he said, mocking those who had previously recommended that his country divest from its position.
It is also noteworthy in the Salvadoran president's publication that he shared an image just 4 days earlier, on May 18. In the other image, the country would be profiting $69 million, meaning El Salvador gained $30 million in just a few days.
Bitcoin in El Salvador's portfolio on May 18, 2025 (Reproduction).
In any case, both graphs presented by Bukele show significant gains and a chart reflecting the country's appreciation in bitcoin. For those who criticize the current policy of the country regarding bitcoin, the high profitability is a cold shower for the critics.
Bitcoin country?
A pioneer in bitcoin adoption, El Salvador has become known as the country of digital currency. Since the beginning of its adoption process in 2021, Bukele's government has conducted several initiatives in favor of bitcoin.
One of them was a law that granted bitcoin legal tender status, which eventually fell after pressure from the International Monetary Fund (IMF), which conditioned the end of the law to release a loan to the country.
Even so, the government continued mining and, even without making direct purchases, continues to accumulate bitcoin in its treasury. Furthermore, the profits indicate that in the future the country may benefit from a cash reserve that tends to benefit the local population.
El Salvador has radically changed its image under Bukele's management, with a decrease in crime, greater security, tourism, and a booming economy. Coincidentally, the bet on bitcoin continues to yield results for the country, one of the smallest in Latin America.