El Salvador marks 3 years of Bitcoin adoption with $31M profit
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Michael Saylor’s Strategy sold $337 million worth of $MSTR stock
Saylor's capital reallocation may boost STRC confidence, potentially affecting its market value and signaling strategic shifts in...
Texas refuses to sell as its $10 million Bitcoin bet sinks to $6.6 million
Texas kept its 197,844-share position in BlackRock's iShares Bitcoin Trust (IBIT) unchanged during the second quarter even as the...
Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation
The Office of the Comptroller of the Currency (OCC) gave World Liberty Financial, a DeFi venture associated with President Donald...
Bitdeer Mines 2,694 BTC in Q2 as Revenue Jumps 47% to $228.8M Despite Losses
Key Takeaways: Bitdeer mined 2694 BTC in Q2, almost five times as much a year ago. The revenue rose by 47% to $228.8 million, and...
Bitcoin erased $118 million from Abu Dhabi’s ETF holdings, but its sovereign funds kept every share
Two Abu Dhabi sovereign investors kept their BlackRock Bitcoin ETF holdings unchanged through the second quarter, retaining $764 m...
Binance gave Russia customer details despite 2023 exit, report
Crypto exchange Binance reportedly handed Russian authorities the transaction details of one of its customers despite fully withdr...