El Salvador’s bold bitcoin bet is paying off big time with unrealized profits soaring past $357 million, according to President Nayib Bukele’s social media brag on X. Bitcoin’s latest rally is cruising close to its all-time high of $108,786, giving Bukele plenty of bragging rights.

The snapshot Bukele shared reveals the country’s BTC stash valued at a whopping $644.4 million, up from an initial $287.1 million investment. That’s a cheeky unrealized profit margin of 124.4%, with $69.8 million of those gains cooking just this year.

Right now, El Salvador holds about 6,181 BTC, worth roughly $639 million as of writing, courtesy of the nation’s bitcoin office.

Bukele’s Bitcoin Crusade vs The IMF and Skeptics

Back in June 2021, El Salvador made history as the first country to adopt bitcoin as legal tender, all thanks to Bukele’s push to boost financial inclusion. Since then, the country’s been stacking sats steadily.

Despite having to play nice with the IMF, which demanded limits on bitcoin activities as part of a financing deal, Bukele kept piling on bitcoin. The IMF insisted that bitcoin acceptance should be voluntary for the private sector, a move El Salvador quickly turned into law in January.

Bukele’s attitude? If the world’s cold shoulder and abandoned bitcoin fans didn’t stop him, nothing will.

“If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won't stop now, and it won't stop in the future,” he confidently declared.

Meanwhile, bitcoin is currently trading at $105,504, after peaking around $106,500 earlier today. The crypto giant’s recent rally is fueled by growing investor confidence and hopes for a resolution in the ongoing U.S.-China trade saga.

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