As Bitcoin approaches its all-time high, President Nayib Bukele has revealed that El Salvador’s Bitcoin holdings have generated $400 million in unrealized gains. The disclosure came via an official post on July 9, showing that the country’s crypto reserve now totals $691.6 million.
Under Bukele’s leadership, El Salvador began accumulating Bitcoin in 2021 and has since invested $291.7 million. Consequently, the country has posted a 137.07% portfolio growth without selling a single Satoshi.
Bitcoin has seen a drastic surge in the past few days with it surging past $111K in a latest push—as per CoinMarketCap data. This sharp increase has led El Salvador’s portfolio to its highest value ever. In the past, the reserve hovered between $665 million and $675 million. In addition, an 86.57% return in the past year indicates savvy timing and solid asset management.
Bukele Responds to U.S. Senators’ Bill with Defiance
While celebrating crypto profits, Bukele also took aim at U.S. lawmakers criticizing his Bitcoin policy. On July 9, he mocked a bill introduced by Senate Democrats seeking to probe El Salvador’s Bitcoin strategy.
The “El Salvador Accountability Act of 2025” seeks to carry out a forensic examination of the nation’s cryptocurrency operations. Under this investigation, major officials would be blacklisted and Bukele’s assets would be frozen. Besides, the aid from organizations like the World Bank and IMF would be suspended under this law. The fifth section of the bill claims it could facilitate corruption and help evade sanctions.
The proposed investigation would look into wallet addresses, exchange records, and transaction histories. In response, Bukele dismissed the initiative with a cheeky “HAHAHAHAHAHAHA the Dems are just salty” on X.