El Salvador's Bitcoin portfolio has seen substantial appreciation, producing over $357 million in unrealized profit.

President Nayib Bukele shared updated figures on the country's Bitcoin holdings on X earlier today. The disclosure included a screenshot of the country's Bitcoin wallet, showing a total valuation of more than $644.4 million.

El Salvador's national Bitcoin portfolio has seen substantial appreciation, generating over $357 million in unrealized profit.

The president of El Salvador, Nayib Bukele, took to X to provide updated figures on the country's Bitcoin holdings. The post, which included a screenshot of the Bitcoin wallet used by the government, showed a total valuation of more than $644.4 million for the 6,181 BTC held by the country.

According to data from the Bitcoin office, the coins were purchased at a cumulative price of approximately $287.1 million.

"According to the Bitcoin Office, as of today, the 6,181 BTC belong to the State Treasury, and they were purchased for a total of $287,100,000.

The BTC are valued at over $644,400,000, which leaves an unrealized profit of over $357,300,000.

But we'll keep buying."

El Salvador's massive Bitcoin profit coincides with BTC's latest rally. The price of BTC stood at $103,051 at the time of writing. Although the asset had declined 0.38% in the past 24 hours and 0.97% over the last week, it remains only 5.3% below its all-time high.

The recent upward momentum in price is attributed to growing investor confidence in Bitcoin's long-term outlook and optimism surrounding a potential resolution to the ongoing U.S.-China trade tensions.

Accumulation Continues Despite IMF Agreement

El Salvador's accumulation strategy remains unchanged despite prior commitments made under a financial deal with the International Monetary Fund. In December, the government and the IMF reached an agreement for El Salvador to limit Bitcoin-related activities as part of a broader package worth more than $3.5 billion. This included a $1.4 billion loan.

As part of the terms, the country passed legislation in January to make Bitcoin acceptance voluntary for the private sector. However, the president affirmed through social media that the purchase of Bitcoin would continue. The decision comes despite earlier concerns raised by the IMF that El Salvador's Bitcoin reserves posed financial risks, though such risks had not yet materialized.

The government has maintained its position to move forward with its accumulation regardless of external pressure, citing its long-term commitment to the strategy.

Ongoing Institutional Interest

The government's Bitcoin activity continues to attract attention from global crypto institutions. In February, MicroStrategy co-founder Michael Saylor met with President Bukele to discuss Bitcoin adoption strategies.

The discussion focused on how El Salvador could scale its use of Bitcoin locally and internationally. Saylor's firm currently holds 568,840 BTC and has consistently promoted Bitcoin as a long-term store of value.

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