El Salvador Bitcoin holdings hit record $164 million as BTC profits pass $50 million

Since its president, Nayib Bukele, announced that the government would start purchasing 1 BTC per day, it has amassed approximately 2,380 BTC ($158.5 million).

At Bitcoin’s new all-time high on March 5, this was worth $164.7 million — a full 53% more than El Salvador’s aggregate cost basis. Each BTC was purchased at an average price of $44,300.