Based on Bukele’s social media posts, El Salvador has purchased 2,381 bitcoins — not counting the one bitcoin every day he announced earlier this month. Beyond that, there is no official or public record of how much El Salvador has spent so far.
One of the most popular, Nayib Bukele Portfolio Tracker, estimates that the country has spent more than $107 million on bitcoin and would have lost more than $67 million so far based on current prices. The same website had pegged El Salvador’s estimated losses at $18 million in February.
“Unfortunately, there is no official information so that one can really know how much bitcoin the government has bought,” Central American Institute for Fiscal Studies (ICEFI) economist Ricardo Castaneda told The Block in a WhatsApp voice message.
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