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Bitcoin Is Rallying But El Salvador’s Holdings Are Still Down 29%

Bitcoin may be at a nine-month high, but El Salvador’s total holdings are still worth 29% less than what the government paid for the world’s largest digital currency.

El Salvador purchased 2,546 Bitcoin at a cost basis of roughly $108 million, according to calculations by Bloomberg. At Tuesday’s prices, those tokens are worth just $77 million. 

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