El Salvador’s Bitcoin Holdings Hit $468 Million Mark

El Salvador has recently reported a substantial increase in its Bitcoin (BTC) reserve, reaching an impressive $468 million in unrealized gains. This surge is attributed to significant price increases and the impact of institutional investments. President Nayib Bukele’s government invested approximately $300.5 million to acquire 6,267 BTC as part of their Bitcoin adoption strategy. The investment has generated a substantial appreciation despite no sales having been made.