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International Business Times
International Business Times
Business
Marvie Basilan

El Salvador's Nayib Bukele Hails Country's Millions In Bitcoin Profits

Nayib Bukele Bitcoin El Salvador Cryptocurrency Crypto
El Salvador President Nayib Bukele, pictured in November 2021, was a speaker at the Latin Bitcoin Conference en Playa Mizata. (Credit: AFP / MARVIN RECINOS)

KEY POINTS

  • Data shows El Salvador has 2,681 Bitcoin holdings purchased at an average cost of $42,600
  • Bukele said the country's Bitcoin strategy extends to government services aside from mining
  • El Salvador became the first country to recognize Bitcoin as legal tender in 2021

Crypto-friendly El Salvador has earned millions from its Bitcoin strategy, the latest data shows, and President Nayib Bukele has proudly shared that the country's BTC trove is moving forward in four different avenues.

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