El Salvador’s state-held Bitcoin reserve has crossed a significant milestone, now valued at over $500 million as the price of Bitcoin continues its upward trajectory. The surge follows the victory of Republican Donald Trump in the U.S. presidential elections, which has been linked to a boost in Bitcoin’s value. According to the official government site bitcoin.gob.sv, the 5,930 Bitcoins held by the country have reached a record value of $501 million, with each coin priced at $84,961 as of 10:30 a.m. on Monday, marking a historic high.

The Nayib Bukele Portfolio Tracker, which monitors all Bitcoin purchases made by the Salvadoran government since President Nayib Bukele’s announcement in late 2021, reports unrealized gains of over $125 million, reflecting a 91.54% growth in the value of the reserve. The tracker also notes that Bitcoin purchases made daily since November 2022 have realized a gain of 102.06%. However, the most profitable acquisitions were those made during the bear market when Bitcoin was priced as low as $19,000, yielding a remarkable 346.72% return on investment.

The Bukele administration has committed to continuing its daily purchase of one Bitcoin, with plans to maintain this strategy in the coming months. This ongoing effort underscores El Salvador’s belief in Bitcoin as a long-term asset for economic growth and financial stability.

Bitcoin’s Continued Surge:

Bitcoin has shown no signs of slowing down, with its price hitting new highs following Trump’s election victory. As of 9:40 a.m. on Monday, the digital currency reached $84,039.85, reflecting a 5% increase in the past 24 hours and a 22% surge over the last two days. Predictions that Bitcoin could exceed $100,000 by the end of the year are gaining momentum as the price continues to rise.

This latest price jump is attributed in part to institutional buying, particularly through Bitcoin ETFs (exchange-traded funds). According to Bloomberg Intelligence analyst Eric Balchunas, $IBIT, BlackRock’s Bitcoin spot ETF, saw $1 billion in trading volume within just the first 35 minutes of trading on Monday. ETFs allow investors to gain exposure to Bitcoin without directly purchasing the cryptocurrency, thus driving further demand and boosting the asset’s price.

As demand for Bitcoin increases—driven by both retail and institutional investors—the price is expected to continue rising due to Bitcoin’s deflationary nature. With a total supply cap of 21 million Bitcoins, the limited availability of the digital currency makes it increasingly valuable as demand grows. Many Bitcoin enthusiasts predict that the price could surpass $100,000 before the year’s end.

El Salvador’s Bitcoin reserve, which continues to grow in value, reflects the country’s pioneering role in adopting cryptocurrency as a national asset, setting the stage for potential long-term economic benefits.

For more information visit the official government site bitcoin.gob.sv.