El Salvador is celebrating a major win from its Bitcoin strategy as the country’s holdings now show $475 million in unrealized profits. President Nayib Bukele shared that the national Bitcoin reserves, valued at around $775 million, have grown 162% since 2022.
The country holds approximately 6,246 BTC, benefiting from Bitcoin’s surge to a new all-time high, which also made it the world’s seventh most valuable asset.
Since adopting Bitcoin as legal tender in 2021, El Salvador has focused on expanding financial inclusion for citizens without traditional bank accounts. Reports suggest more Salvadorans now use Lightning wallets than bank accounts.
In a recent move, the National Bitcoin Office confirmed redistributing $678 million worth of BTC across 14 wallets, each limited to 500 coins, to reduce exposure risks — including potential threats from emerging technologies such as quantum computing.
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