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If delivery is unavailable, th
El Salvador Accumulates 5,955 BTC: How Much Money Did Bukele Make in This Bet?
As Bitcoin broke the $100,000 barrier this week, El Salvador woke up being $333.5 million richer on paper. The government of Nayib Bukele continues to buy out 1 BTC daily since 2022, and according to data from Arkham, it now controls almost 6,000 bitcoins valued at $613 million.
The numbers that speak:
Initial investment: $269.7 million (average $45,297 per BTC) Current value: $613 million Unrealized Gain: +$333.5 million (+126%)
This country was the first to adopt Bitcoin as legal tender in 2021, when everyone thought Bukele was crazy. The IMF warned him about “economic risks”. Critics spoke of volatility. But he kept buying out.
The context that changed everything:
The competition arrives:
Bhutan, another small country, now mines Bitcoin with hydroelectric energy and controls 12,211 BTC ($1.25B). It surpasses El Salvador in holdings, although El Salvador is still better known for its “Bitcoin City” and its “Volcano Bonds” financed with volcanic geothermal energy.
The ironic thing: Three years ago this was considered a political madness. Today, it is a case study of how thinking differently about macroeconomics can pay dividends.