Despite Bitcoin's Rise, El Salvador's Bitcoin Investments Have Nearly $20 Million in Unrealized Losses

According to CryptoSlate, data from BTC holdings platform Nayibtracker shows that despite Bitcoin's recent rise to $35,000, El Salvador's Bitcoin investments still face nearly $20 million in unrealized losses.

According to the website, El Salvador purchased 3,062 Bitcoins at an average cost of about $40,594.93, totaling about $124 million. On the other hand, BTC is trading at around $34,442, and the country's unrealized losses on its investment are $18.837 million (-15.216%) as of press time.