El Salvador’s bitcoin bet is in the green: Bukele

Nayib Bukele shared the news in a post on X, slamming critics for their negative approach to the company’s bitcoin strategy

article-image

President of El Salvador Nayib Bukele | Muago/"Inauguracion Juventour 2015″ (CC license)

share

El Salvador’s bitcoin investment is in the black, according to president Nayib Bukele. 

Bukele alleged on X that El Salvador could not only recoup its initial bitcoin investment but also potentially earn millions if the country decides to sell.

According to Nayibtracker.com, which tracks the country’s bitcoin purchases based on Bukele’s tweets, El Salvador would walk away with roughly $4 million in profit as of publication.

The price of bitcoin (BTC) sits around $41,000 at time of publication after hitting $42,000 Monday morning. After a rough 2022 following the collapse of FTX and multiple bankruptcies, bitcoin’s price is now sitting at levels not seen since before Terra collapsed.

Bukele, in his X post, used a screenshot from the site to showcase his country’s investment. 

Read more: FTX began to unravel one year ago today: A timeline

“We have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy,” Bukele said.

The last recorded buy on the website was back in November 2022 when Bukele claimed that the country would buy one bitcoin a day. Bukele said that the purchases would be part of a dollar cost averaging strategy.

Loading Tweet..

However, it’s unclear if Bukele proceeded with that strategy.

El Salvador’s bitcoin holdings are worth around $131 million, according to the tracker. 

Bukele and El Salvador first started adding to its bitcoin position back in September 2021 with a purchase of 200 bitcoin. At the same time, he made bitcoin legal tender in the country.

Loading Tweet..

Since then, Bukele has faced widespread criticism for his country’s holdings. Even US politicians on Capitol Hill are pushing for an analysis into the risks posed by the country’s bitcoin adoption.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /