- The El Salvadoran president has invested over $126 million in bitcoin since 2021.
- The present worth of the president’s holdings is round $118 million, translating to a lack of over $8 million.
- The president’s most costly batch buy consisted of 420 BTC priced at $60,345 every, which has independently incurred a lack of $9,354,937.
President Nayib Bukele of El Salvador, broadly celebrated for his robust help of bitcoin (BTC) in the course of the 2021 bull market, launched into an intensive BTC shopping for spree. In November 2022, he declared that the nation would add one bitcoin every day to its stability sheet.
As per NayibTracker, an internet site monitoring the quantity of bitcoin owned by Bukele, the president of El Salvador is going through a considerable decline in his funding of three,124 BTC, having dedicated over $126 million in bitcoin.
It’s value noting that this tracker depends on the president’s posts on X to estimate his bitcoin acquisitions because of the problem of acquiring official authorities figures.
Per the tracker, the typical greenback price of Bukele’s whole Bitcoin buy at the moment stands at $40,496 per coin. Versus his $126 million dedication, the present worth of his holdings is roughly $118 million. On the time of writing, this interprets to a lack of over $8 million, reflecting a 6.69% decline.
Tracked losses of the Salvadoran president (on the time of writing): NayibTracker
It’s value noting that every one the BTC acquisitions have been reportedly made beneath the asset’s all-time excessive of $69,044 in November 2021. The costliest batch consisted of 420 cash priced at $60,345 every in October 2021. This batch has independently incurred a lack of $9,354,937.
In the meantime, his final tracked buy of 372 bitcoins at $9.68 million has earned him a virtually 50% return on funding. Particularly, his revenue on the funding now sits at $4,476,768. Of the 12 tracked funding rounds, solely the newest three are worthwhile at press time. The remaining 9 rounds bear substantial double-digit share losses.
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