El Salvador's BTC Bet Gains $13M As Bitcoin ETF Approves Procedure
The country began buying bitcoin in September 2021, paying $47,250 to $52,670 for 700 BTC over a two-week period. President Nayeb Bukel hailed the investment as "back in the black" last month. The most recent purchase was in November 2022, when the price of Bitcoin was $27,780, bringing the average cost of the stash to $42,440. El Salvador has a total of 2,798 bitcoins ($131.3 million)