Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador, the failed experiment
by
snerd
on 05/03/2025, 21:37:07 UTC
⭐ Merited by coolcoinz (1)
From Grok.........

If we assume a Bitcoin price of $90,000 per BTC on March 5, 2025, we can calculate El Salvador's unrealized profit based on its holdings of 6,100 BTC. Here’s the breakdown:

Current Market Value of Holdings:
6,100 BTC × $90,000/BTC = $549 million

Estimated Total Cost Basis:

As mentioned previously, El Salvador’s total investment cost is estimated at around $285–$290 million, based on an average purchase price of approximately $45,000–$46,000 per BTC for most of its 5,931 BTC acquired by late 2024, plus the additional 169 BTC bought between November 2024 and March 2025 at higher prices (e.g., $83,000 for the latest 5 BTC). Using the midpoint of $287.5 million as the total cost:

Unrealized Profit:

$549 million (market value) - $287.5 million (cost basis) = $261.5 million

So, at a Bitcoin price of $90,000, El Salvador would be up approximately $261.5 million in unrealized gains on its Bitcoin investment as of March 5, 2025. This figure could shift slightly if the exact cost basis deviates from the $285–$290 million range, but it provides a solid estimate based on the available data.