El Salvador's 7,777 BTC headline made me do a different calculation.
At 12:57 UTC on September 17, its official Bitcoin Office explorer showed a confirmed ONBTC balance of 7,777.37 BTC.
Keep that coin count fixed: every $1,000 rise in Bitcoin's price adds about $7.78 million to the reserve's market value. A $1,000 fall removes the same amount. That's price sensitivity, not a forecast or a calculation of profit.
I'm separating three questions here: how many coins are held, what they're worth, and how they were funded. A bigger dollar valuation can happen without a single new coin arriving.
The funding context needs its own date. In a September 3 statement, IMF staff said documentation showed that accumulation since the program's first review came from private donations, without public resources. That statement predates today's balance and doesn't establish the funding of every later inflow.
For me, a reserve milestone is more useful when the coin count comes with a clear explanation of valuation and funding.
Which would you want alongside the next reserve update: A) price sensitivity, B) funding details, or C) custody arrangements? Why?
#Bitcoin #ElSalvador
At 12:57 UTC on September 17, its official Bitcoin Office explorer showed a confirmed ONBTC balance of 7,777.37 BTC.
Keep that coin count fixed: every $1,000 rise in Bitcoin's price adds about $7.78 million to the reserve's market value. A $1,000 fall removes the same amount. That's price sensitivity, not a forecast or a calculation of profit.
I'm separating three questions here: how many coins are held, what they're worth, and how they were funded. A bigger dollar valuation can happen without a single new coin arriving.
The funding context needs its own date. In a September 3 statement, IMF staff said documentation showed that accumulation since the program's first review came from private donations, without public resources. That statement predates today's balance and doesn't establish the funding of every later inflow.
For me, a reserve milestone is more useful when the coin count comes with a clear explanation of valuation and funding.
Which would you want alongside the next reserve update: A) price sensitivity, B) funding details, or C) custody arrangements? Why?
#Bitcoin #ElSalvador
