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- 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 costliest 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 sturdy assist of bitcoin (BTC) throughout the 2021 bull market, launched into an intensive BTC shopping for spree. In November 2022, he declared that the nation would add one bitcoin day by 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 price noting that this tracker depends on the president’s posts on X to estimate his bitcoin acquisitions as a result of problem of acquiring official authorities figures.
Per the tracker, the common greenback value of Bukele’s whole Bitcoin buy presently 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 price noting that every one the BTC acquisitions had been reportedly made beneath the asset’s all-time excessive of $69,044 in November 2021. The most costly 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 proportion losses.
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