El Salvador’s Bitcoin Holdings Soar with $400M in Unrealized Gains

As Bitcoin nears its record peak, El Salvador’s President Nayib Bukele announced that the nation’s Bitcoin investments have yielded $400 million in unrealized profits. In a July 9 statement, Bukele shared that the country’s cryptocurrency portfolio is now valued at $691.6 million.

Since initiating Bitcoin purchases in 2021 under Bukele’s guidance, El Salvador has invested $291.7 million in the asset. Without selling any Bitcoin, the nation has achieved an impressive 137.07% growth in its portfolio.

Recent market data from CoinMarketCap shows Bitcoin surging past $111,000, propelling El Salvador’s holdings to their highest value to date. Previously, the portfolio fluctuated between $665 million and $675 million. A remarkable 86.57% return over the past year highlights the country’s strategic timing and effective asset management.

Bukele Fires Back at U.S. Senators’ Criticism

Amid the celebration of these gains, Bukele addressed U.S. lawmakers scrutinizing his Bitcoin strategy. On July 9, he responded to a proposed U.S. Senate bill, the “El Salvador Accountability Act of 2025,” introduced by Senate Democrats. The legislation aims to investigate El Salvador’s cryptocurrency activities, potentially blacklisting key officials, freezing Bukele’s assets, and halting aid from institutions like the World Bank and IMF. The bill cites concerns over possible corruption and sanctions evasion.

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The investigation would scrutinize wallet addresses, exchange records, and transaction histories. Bukele brushed off the proposal with a playful jab on X, stating, “HAHAHAHAHAHAHA the Dems are just salty.”